Under the pressure of low reserves and the exchange rate rush, the government would offer the field a “dollar-soybean”, higher than the official one.

Share This Post

- Advertisement -

Under the pressure of low reserves and the exchange rate rush, the government would offer the field a

Economy Minister, Silvina Batakis

- Advertisement -

The lack of dollars in the coffers of the Central Bank and the rush for the exchange that led the blue dollar to do so around $ 340 pesos search activated solutions to make the sector decide to liquidate more foreign currency.

- Advertisement -

The 160% gapthat in the case of campaigns it is much higher for withholdings, prompted the government to think about it a special dollar for producers and cereal companies. Specifically, official sources pointed out Clarione that the Minister of Economy, Silvina Batakis, is considering announcing a specific dollar for those who liquidate soy.

The versions speak of a type of modification that egit would be between 30 and 40% above the official exchange rate of $ 130 today. These percentages would bring the soybean dollar to between $ 170 and 182 pesos. The 30% withholding tax would have to be applied to that value, which would leave the soybean dollar in 127 pesos, against the 91 pesos that would remain today.

It seems insufficient for the producer who is seeing how the free dollar goes up quickly and relentlessly.

In the area of Agriculture speaks from one dollar to 200 dollars like to sit and talk. The Minister of Agriculture, Julián Domínguez, is currently in Rome to participate in the meetings within the FAO.

The plan of soybean dollar that they evaluate in Economics would be the answer to a proposal from cereal companies, to reduce soy retention by 10% during a “time window”.

It would be a proposal, that of the cereal companies, difficult to accept for the Kirchnerismo, which has long been fighting for the exact opposite, raising taxes on cereals to “dissociate” local prices from international ones. Many officials have already given up: they accept that an increase in withholding will not go through Congress.

The context in which these ideas arise is as follows: Central Bank reserves are at extremely low levels and agricultural producers have stored soybeans which, at international value, represent no less than $ 10,000 million.

A well-known situation is replicated. The government lacks dollars but the Argentines accumulate “in the mattress” more than 300,000 million dollars.

Now, more out of necessity than out of conviction, The government will try to seduce campaigns with a special exchange rate, albeit much lower than the parallel market price. We will have to wait for the proposal to really materialize. And what answer will the manufacturer give, which in the end he has absolute freedom to dispose of their cereals.

If the soybean dollar is finally formalized, it will be added to the list of existing dollars. Official, wholesale and retail dollars, savings dollar, tourist dollar, MEP dollar, CCL dollar, and blue dollar. And, of course, the exchange rate received by the exporter, depending on the product exported.

The road to unification of the exchange rate will be long.

Source: Clarin

- Advertisement -

Related Posts