This Friday, the list of the first 21 products of the regional economies that will enter the agricultural dollar, which will benefit from an exchange rate of 300 pesos, was announced.
The list includes: peach, lemon, legumes, honey, garlic, tobacco, tea, plum, blueberry, cherry, dried fruit, olive, peanut, wine, forestry, sunflower, candied fruit, wool, jojoba, organic products, protein concentrates and pop of corn. More products may be added to this list in the coming weeks.
This advantage for regional economies -dollar at 300 pesos- It will last until August 30th.
However, companies must meet the “eligibility” conditions. on the basis of criteria indicated by the Ministry of the Economy to guarantee the offer and the price so that it does not affect the inflation rates.
AS, A company that does not enter at fair prices cannot enter the export programme. And furthermore, the sector must guarantee employment to the 380,000 people who work in these sectors.
This Monday, the third edition of the Export Increase Program (PIE), better known as the soybean dollar, came into force after the resolution in the Official Gazette 115/2023.
And in this first week closed with a foreign exchange settlement of US$815.3 million by agricultural exporters. And at the Central Bank it was able to close the week with a positive purchase balance of 297 million dollars.
As indicated by the Minister of Economy, Sergio Massaduring the announcement, that the measures aim to “strengthen Argentina’s agro-export model and strengthen our reserves and currency, so important in times of global and local uncertainty and volatility.”
Expectations, both from exports and the national government, are that until May 31, when the PIE window closes for the soybean complex, about $5 billion will enter.
In any case, producers were reluctant to part with the goods due to the low price offered by exporters, between 95,000 and 105,000 pesos per ton.
The Minister of Agriculture, Juan José Bahillohe highlighted that this new version of the PIE responds to all the “needs and requests of producers both in regional economies and in other productions”.
In radio statements, the official said that “regional economies, such as crops and livestock activity across the country, generate employment, sustain economic activity in the interior, generate roots; we want to translate that into concrete public policies.”
Source: Clarin
