Argentina’s total exports could exceed US $ 86.7 billion by 2022, according to projections by Bag of Cereals from Rosario. This means a jump of 11%, compared to last year’s shipment due to rising international prices.

What the new BCR forecast means their US $ 1,896 million above than calculated in this March’s report.

Ang agro-industrial exports will contribute 47% of the totaland its value will increase to the US $ 41.055 million, US $ 3,006 million more than last year.

As BCR explained, “The continuation of the Russia-Ukrainian conflict continue to support the level of international prices “.

In this sense, he explained that “the disruption of agro-industrial shipments from the Black Sea, the uncertainty surrounding Ukraine’s productive results in this cycle and the sanctions against Russia, keep the export price high of many agro commodities that Argentina exports ”.

For example, in February, the export prices of soybean complex showed an increase of 9% for beans and flour, while oil showed an increase of 4%.

For its part, corn and wheat there was a 2% increase that boosted export projections.

These increases also had an impact on local grain values, which greatly boosted food prices, in the context of high inflation, especially when the war began in Eastern Europe.

Thus, due to rising wheat prices, for example, the national government decided to implement a trust to ensure the supply of flour to the domestic market at pre -war prices, and the re -launch of programs was carried out. . such as Prices and Groomed Cuts, even at nearby stores.

At the same time, aware of the impact of this situation, the Minister of Economy, Martín Guzmán, announced a project to tax “unexpected profits” to Argentine companies that had benefited from rising prices due to the war.

Better come back

Prices include, “Export volumes are expected to strengthen compared to previous estimates, Along with improvements in productive outlook for corn and an exported volume that exceeded expectations with the industrialization of soybeans, ”the Rosario Stock Exchange said.

Of the US $ 41,000 million that agriculture can contribute to exports, more than half of the expected revenue corresponds to the soybean complex with US $ 23,745 million, More than US $ 577 million than calculated last month.

For its part, the corn complex will reach shipments worth US $ 9,650 million, nearly US $ 1,000 million more than expected last month and could exceed shipments in 2021 by US $ 600 million, reaching a new record.

The projections for complex wheat they reached an increase of US $ 328 million to US $ 4,741 million for the current year.

the complex sunflower it will reach exports of US $ 1,840 million, US $ 512 million more than expected and US $ 538 million above 2021.

So is oil

Another sector that showed good results was the petroleum-petrochemicalthat exports are “reaching a thirteen-year high,” BCR said.

“Next door is Vaca Muerta, the export of various products that make up the complex reached the maximum which has not been seen since 2009 ”, the task said.

With nearly 1.7 million tonnes exported between January and February of this year, oil exports were the great driver of the complex’s foreign trade in the first two months of the year.

Of the amounts, in the first two months of the year, US $ 1,073 million was exported, jump 108% compared to the same period in 2021, when shipments worth US $ 515 million were registered.

NE