During the last month of the year, foreign sales of grains and derivatives reached $3,706,639,602, as reported by the Chamber of Petroleum Industry of the Argentine Republic (CIARA) and the Center for Grain Exporters (CEC), entities that account for 48% of Argentine exports. The sum is 34% more than the liquidation recorded in December 2021 and 112% more than that of November 2022.
The significant increase compared to the previous month is the result of the operations that were carried out under the art second phase of the export enhancement programme (Decree 787/2022) which offered preferential exchange terms for the sale of soybeans and by-products between November 28 and December 30, at $230 per dollar. According to the sector chambers, total income of PIE II, also called soybean dollar 2, reached $3.155 million.
By this way, for all of 2022 agriculture contributed $40,438,170,941the largest amount of currencies since records were kept and 22% more than in 2021.
The granary complex, including biodiesel and its derivatives, contributed 48 percent of Argentina’s total exports in 2021, according to INDEC data.
Soybean meal is Argentina’s main export product, with 14.2% of the total. In second place is corn with 11% of transactions and third is soybean oil with 6.9%.
Source: Clarin
