The Chamber of the Oil Industry of the Argentine Republic (CIARA) and the Cereal Exporters Center (CEC), entities that represent 48% of Argentine exports, announced today that last April sector companies settled for a total of 3,171,793,606.00 dollars; which means 6% above the previous month of this year. The amount paid on January 2, 2022 was US $ 11,097,874,774.00.

“Although some international prices are maintaining their upward trend, as in the case of oils, the impact of the strike by grain carriers as well as lower sales rates for exportswhich added to a lower total yield due to the drought, has conditioned the speed of shipments and the income of foreign currency, ”they said from the sector.

The number paid last month exceeded more than one hundred million dollars fixed in April 2021, when foreign currency settlement in the sector reached 3,031.4 million dollars, more than double the agreement in April 2020 and this is the highest amount paid in April of the last 8 years.

The liquidation of foreign currency is mainly associated with the purchase of grains to be exported later, either in their same state or as processed products, after industrial change. Most foreign currency earnings in this sector occur early in the export, expected to be approximately 30 days in the case of grain exports and up to 90 days in the case of oil exports. and protein foods. . This expectation also depends on the time of the campaign and the grain in question, so there are no delays in settling foreign currency.