The blue dollar fell again on Tuesday but the gap with the officer remains high.
News in development
While searching for alternatives to encourage campaigns and raise the dollars from the soybean harvest, and days before Sergio Massa’s team’s trip to Washington to meet the IMF, The government closely follows the price of the blue dollarthat this Tuesday fell a peso again and closed at $ 290.
The balance of the dollar-soybean: 369 transactions totaled $ 3,360 million
The soybean dollar implemented by the Central Bank to encourage producers to sell soybeans was not as successful as the government planned to liquidate $ 5 trillion, and the marketing of the seeds was further delayed.
Since it began trading in early August until closing today, there have been 369 deals worth $ 3.36 billion. On the last day, 131 transactions were recorded for 767 million dollars, while producers bought foreign currency for 25% of the amount available. This is 35% of the transactions and 22% of the amount. This has been indicated by official sources to Clarin Rural. Read more.
The sector’s foreign exchange income is the highest in history: $ 25,696 million in the year
In August, Argentine agro-export companies entered 3,387,888,431 dollars, the highest figure in the last 20 years of the month. In this way, the currency contribution made so far in 2022 reaches $ 25,696,907,401, a record since registrations began.
According to the Chamber of the Petroleum Industry of the Argentine Republic (CIARA) and the Centro Exporters of Cereals (CEC), entities that represent 48% of Argentine exports, in the eighth month of the year the companies in the sector liquidated 5% in more than in July and 11% more than in August 2021. Read more.
Massa’s team will travel to Washington on Sunday to negotiate with the IMF
Sergio Massa during his tour in Washington a year ago.
Sergio Massa’s economic team will travel to Washington on Sunday to advance face-to-face in negotiations already underway with the IMF. It will be the first face-to-face meeting with the organization’s staff to negotiate the outlay of approximately $ 4,000 million in September, linked to the achievement of the second quarter goals, and to present the plan on which they will work within the Ministry of ‘Economy under strict hermeticism
Meanwhile, the Fund has not yet confirmed when they will receive the Argentine mission. Read more here.
After Dollar-Soybean’s bankruptcy, Bahillo said the government is “working” on a proposal to encourage sales.
Bahillo in the Senate.
Agriculture Secretary Juan José Bahillo said the government “is working on and analyzing” a proposal that encourages producers to liquidate soybeans, rejecting the possibility of establishing a “zero retention” regime in the short term. “for agriculture exports.
Speaking in the framework of a meeting of the Agriculture Commission of the Senate of the Nation, Bahillo rejected that the government “attacks the countryside” and stressed the importance of the sector for the Argentine economy. Read more here.
Source: Clarin
