The camp liquidated 10% less currency than it did a year ago

The Chamber of the Petroleum Industry (CIARA) and the Cereal Exporters Center (CEC), which represent 48% of Argentine exports, announced today that in July the companies in the sector they liquidated $ 3,154,000,000; representing 17% less than in June and 10% less than in July 2021.

This situation is what prompted the government to devise an incentive to encourage foreign exchange settlement. What became known as the soybean dollar which could be changed with the arrival of Sergio Massa in Economics.

The amount paid from 2 January 2022 amounts to US $ 22,309,018,970 and it is the all-time record since there are records (10% more than last year).

” We remind you that the total of currencies entered monthly remains in the power of the BCRAs that deliver pesos, at the official exchange rate, to exporters in order to carry out operations for the purchase and sale of grain in the internal market “, underlined Ciara in an official statement.

“The export of cereals was affected by the negative climatic effects on the big harvest, as well as the roadblocks and demonstrations by auto-convened carriers that prevented thousands of trucks from entering the ports “, they pointed out

In passing, they said that the idle capacity of the soybean crushing industry is high and the companies are working with negative margins even in the middle of the campaign. “In turn, delays in recovering export VAT are reducing the payment capacity of the export sector,” they added.

The oilseed-grain complex, including biodiesel and its derivatives, contributed 48% of total exports last year Argentina, according to INDEC data.

The main export product of the country is soy flour (14.2% of the total), which is an industrialized by-product generated by this agro-industrial complex, which currently has a high idle capacity close to 50%. The second most exported product last year, according to INDEC, was corn (11%) and the third was soybean oil (6.9%).