Economy Minister Sergio Massa announced this Wednesday the new “agro dollar” scheme and program for regional economies, with a dollar at $300. Before and after the announcement, the voice of the camp was heard. From the oil sector they indicated it “If manufacturers have a sales position, we will be able to improve our industrial capacity.”
However, although a priori it seemed a decidedly positive opinion, the president of the Cereal Exporters Center and the Oil Industry Chamber (CIARA-CEC), Gustavo Idigoras, preferred caution. “We have some proposals awaiting resolution and the minister (Sergio Massa) he promised to cure them in the next 30 days“He said when asked by Clarín at the exit of the event.
Detailing the proposal that was brought to the minister, Idigoras stressed: “For example, we have overregistration of export contracts without the ability to apply them to soybeans, and now we need to register more soybeans, which leaves us with a very large balance of about 4 million tons. Those four million are a huge financial and commercial problem. This is why we are looking for the formula to try to register fewer transactions in the coming months”.
On how the measure announced by the Government will help the oil industry, the head of CIARA indicated that the situation is very complex and “depressing” given that today “with 70% idle capacity and with a lot of problems to continue operating.” “So if the manufacturers have a sales position, we will be able to improve our industrial capacity at least for the next 60 days”he warned minutes after the announcement.
According to what was confirmed by the Minister of Economy during the announcement made in the Belgrano Hall of the Palacio de Hacienda, the export increase program will apply to soybeans from April 8 to May 31 with a differential exchange rate of $300. the regional economies, the term of the agricultural dollar which will be regulated in the same values It will last until August 30th.
“Now we will have to see what happens,” Idigoras said. And he added: “Let’s remember that we are facing the worst drought, maximum 25 million tons available in this market”. “We have to see how the producers will react”he clarified.
How is the mass plan?
Sergio Massa made the announcement along with other economic portfolio officials and representatives from several chambers of grains, peanuts, wine, corn and timber, among other members of the regional economies.
From tomorrow until next Friday the regional economies will be incorporated one by one who meet the three conditions to enter the program: participate in the price program, maintain employment and guarantee the volume and supply of the products that are committed to the price program.
In the case of companies that have not complied with the liquidation of the dollars they export, a CUIT suspension mechanism will be activated, once the terms established by the decree have elapsed.
In parallel, the impossibility of accessing the foreign exchange market for all these companies will be promoted.
NS
Source: Clarin
