Sergio Massa agrees with the agro-exporters and calls the liaison table to “work together”

The new Minister of Economy, Sergio Massa, has assured that he has the commitment of agro-exporters who in the next 60 days 5,000 million dollars will come from exports of cereals and derivativesyes Furthermore, he stated that together with the Secretary of Agriculture, Juan José Bahillo, will summon the liaison table “sit down and work together for the development of this powerful sector made up of Argentine producers”. It was during the press conference that he held at the ministerial office, after taking the oath at Casa Rosada.

The key to getting the government’s relationship with the agricultural sector back on track would be an improvement in producers’ profitability.A better “soybean dollar” announced a week ago is expected. So far the only change that Massa had foreseen was that the originally established deadline was extended until 31 August.

Agribusiness analysts believe that now we will have to wait for the “fine print” and the measures taken in this regard and observe its effect on the sales rates of grain stocks and the resulting exports.

This is why the position taken by the Liaison Table towards Massa and how this affects producers in relation to the sale of the grains of the latest soybean crop is fundamental.

“We will evaluate with the heads of the other entities what decision we made when the minister called. What we anticipate is that we do not want meetings for a photo, but productive meetings that touch on issues such as the opening of the export meat market and the elimination of trusts. and equilibrium volumes in the cereal market, “he said Nicola Pinopresident of the Argentine Rural Society, after the official’s announcements.

This Saturday there had already been a rapprochement between Massa and the connecting table. He was via whatsapp with Pino, after his speech at the inauguration of the Palermo Exhibition.

“To have effective results from these economic announcements, the Executive must understand that the sector is part of the solution to the country’s problems and that we can produce more if the rules are clear and fair”, remarked the rural.

Pino, on the other hand, spoke of the appointment as head of Agriculture in Bahillo. “We hope that the new direction of Agriculture is equal to the circumstances in which we find ourselves.

For its part, Elbio Laucirica, vice president of Coninagro, considered important the intention to tackle the inflation and the fiscal order that everyone is asking for. “I emphasize the willingness to collaborate with legislators in promoting construction, agribusiness and biotechnology. As well as the invitation to the Liaison Table to think together about the development of the sector,” he said.

Laucirica underlined that “we have asked for a work agenda, we hope to be able to propose it and that concrete measures will emerge that will solve some of the most urgent issues, such as the availability of diesel and fertilizers. We insist that production incentives will involve greater investments , job generation and authentic jobs ”.

Another of the leaders who spoke was the president of the Agrarian Federation, Carlos Achatoni. “The country is going through very critical situations, due to the instability generated by the ruling party itself, so we hope that the new role of the new minister can provide predictability, both inside and outside the country. May the economy be able to be redirected, because We weaker ones do not continue to be affected, and that poverty does not continue to grow. We hope that this is the end of the prisoners of the front that governs, and they can start managing and working for all Argentines. “

From the sector, Achetoni indicated that “we hope that with his team he can generate expectations that stimulate small producers in regional economies, with measures such as the tax release and the withdrawal of withholding taxes on the first tons of production”.

sale of soybeans

As of July 20, 2022, producers had sold 20.9 million tons to exporters and the oil industry, 47.5% of a total production of 44 million tons for the 21/22 harvest. On the same date in 2021, 25.8 million tons were sold, 56% of the 46 million tons produced in the 20/21 harvest. The current situation shows youn year-over-year delay in marketing of 8.5%.

It is interpreted that this is mainly due to the exchange gap between the official dollar – at the exchange rate applied by the producer for its production – and the alternative dollar. Therefore, each producer, even subtracting 33% of withholding taxes, reaches 33% of the US $ 515 quoted internationally today. This is why an improvement in the exchange rate is crucial, through better instrumentation of the so-called “soybean dollar”.

In any case, the dollar income of agro-exporters was a record in the first 7 months. Despite the decline in July, they stood at $ 22.309 million, 10% higher than the same period last year.