Decree 194/23 of April 9 of this year establishes that May 31 is the deadline for making purchases of soybeans and income in foreign currency with the special exchange rate of 300 pesos per dollar, and last week, with resolution 203, the deadline for making the substitutive declarations (DJVE) corresponding to soybean purchases was extended Until June 2nd to recover the last holidays. In any case, the purchase and sale transactions and the relative currency deposit must be carried out by 31 May.
“The primary liquidations of cereals and the secondary liquidations of cereals whose date of establishment of the operation is between the date of entry into force of the decree n. 194/23 and May 31, 2023, are achieved under this Program to the extent that That the issue date of the aforesaid liquidations is no later than 2 June“, details the resolution.
He then adds that “the Affidavits of Sale Abroad (DJVE) covered by this Program can be registered until eleven on June 2ndand the related rights must be canceled up to 48 hours after this date”, and that “the settlement of foreign currency corresponding to the payment of the aforementioned operations can be arranged until 15:00 on 31 May”,
Meanwhile, foreign exchange receipts and agricultural dollar purchases of sorghum, barley and sunflower, as well as other products of the regional economies, end on August 31st.
This was stated a few days ago by the president of the Chamber of the Oil Industry (Ciara) Gustavo Idígoras The government has decided not to extend the agricultural dollar for soybeans beyond the beginning of June and noted, “Even we exporters don’t want it to spread. It’s a headache where the industry always loses.”
The measure, which began on April 10 and which allows an exchange rate of $300 for exports of the field It aimed to raise a total of $9 billion.. Of that amount, $5,000 million would be provided by the soybean complex, with the remaining $4,000 million coming from regional products. However, as of last Tuesday May 23, the third edition of the Export Increase Program (PIE) has accumulated 3,202 million dollars.
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.