The BCR projects that in the upcoming campaign 100 million tons of grains and derivatives will be exported, above the 90 million tons of the 2023/2024 campaign.
“Production for 2025 started with a complex outlook, with a winter and early spring that had left rainfall below normal. However, as the weeks progressed, the dry pattern was broken and, although the rains arrived “somewhat late for the fine in some regions, the outlook for the coarse today appears much more auspicious than a few months ago,” the entity highlighted in a report.
Based on the prices and volumes of agroindustrial exports projected for next year, It is expected that the supply of foreign currency from agriculture will reach US$31.5 billion.
Although, of that total, US$25.2 billion would be settled in the official market of exchange rates, while another US$6.3 billion would go as an offer in the CCL dollar. This would occur if the Government supports the “blend” dollar, which forces exporters to settle 20% of their sales in the financial markets.
Likewise, the BCR estimates that the sector demands some US$2,450 million for imports, mainly for temporary purchases of soybeans, in order to industrialize it and re-export it with greater added value.
This way, The net supply of dollars in the official market of the main foreign exchange generating sector would total about US$22.8 billion, US$3 billion more than estimated for this year.
It is worth noting thatThe cereal and oilseed sector is expected to end 2024 with a settlement of US$30.2 billion, of which US$24.16 billion would go to the official and US$6.04 billion to the CCL. Due to the effect of imports, the net contribution of foreign currency in the official currency would be around US$20,000 million.
Source: Ambito
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