New “dollar-soybean”: the camp criticized the fact that it is temporary and called for the full price to be paid

The Minister of Economy, Production and Agriculture, Serge Massa, announced a new soybean marketing regime. Between 5 and 30 September it will be at a special exchange rate of 200 pesos and will be on a voluntary basis.

During the press conference Massa was accompanied by the Undersecretary of Agriculture, Juan José Bahillo and the Production Secretary, José Ignacio de Mendiguren. And accompanying the officials in the front row were the exporters. One of those who attended the conference was Gustavo Idigora, President of the Chamber of the Petroleum Industry of the Argentine Republic and of the Cereal Export Center (Ciara-cec). He was also seen in Roberto Urquiaformer owner of Aceitera General Deheza (AGD). Antonio AracreCEO of Syngenta, among others.

According to the national official, over the past 15 days there have been a lot of discussions with exporters who have reached an agreement signs a pledge to liquidate a $ 5,000 million guaranteed apartment.

“We see this new condition as a significant improvement which, although temporary, will have a direct impact on the price of soy in the domestic market. We understand that this is derived from the consultation process that the government has been opening for weeks with the manufacturing entities and the other links in the chain, “said Idígoras.

On the other hand, he emphasized it the decision to sell the soy is always in the hands of the producer, and it will be up to him to decide when to sell, it being understood that this time the exchange will last only until the end of the month “.

Also very close to the exporters, it was possible to see Giuseppe Martinipresident of the Buenos Aires Cereals Exchange and spokesperson for the Argentine Agroindustrial Council (CAA), Ernest Criniganpresident of the Center for Runners of Buenos Aires e Alfredo Pasyro, director of the Argentine Association of Seed Growers (ASA).

“Although it should represent an improvement in the value of the product, it is far from approaching the international price as it happens in neighboring countries such as Uruguay or Paraguay,” said the president of the Argentine Rural Society. Nicola Pino.

He also assured that “the new announcement is transitional for September, but what will happen in October? It is not fair to those who, for example, sold last week. The amount of trade related to the price of soybeans, at what price will they be taken? What will happen to the leases?

In this sense, the rural leader analyzed: “Each producer will evaluate whether or not it is convenient to apply the new provision because whoever changes dollars is the exporter and not the producer “. and appealed a “a one dollar, no gapwhich is something the whole system needs to function properly. “

“As we expressed to him in the meetings we held (with Massa), it is a provision that, in order to try to solve a situational need of the state, returns to providing benefits to the same actors as always. Once again, despite mentioning us in his presentation as possible recipients of an alleged program, small and medium-sized producers and regional economies are not recipients or beneficiaries of the public policies announced “, said Carlos Achetoni, president of the Agricultural Federation.

“We are convinced of it there must be a single parity and not an improvement for just one product. In short, the situation would require global public policies that differentiate actors and benefit everyone, not just a few, “she added.

With the same critical tone, the Vice President of the Argentine Rural Confederations, Gabriel De Raedemaekerwho noted that the Government has difficulty understanding this removing export rights should not be an exception for one monthS. and only for soy. “They only think about the urgency of the harvest”, criticized the farmer about Massa’s announcement, who assured that in net terms the new regime represents the same as if it were zero withholdings for the producer.

The famous producer of Entre Ríos Julian Imhoff He was also critical of the new “dollar-soy” regime in a post on his social network. “Soybeans in Chicago are trading close to 550 usd / tn, at the MEP dollar they are 154,000 pesos a ton. And they talk about fatigue, the effort to resist theft comes from production,” said the farmer, who deals of agriculture and has a dairy, in relation to the fact that with the new system the producer will receive more than 70,000 pesos per ton.

“The measure is simple, clear and generates a substantial improvement in prices (43%). For these reasons, unlike the previous measure, It is very likely that it will be effective and will generate an increase in the pace of soybean marketing“said the economist of the Agricultural Development Foundation of Argentina (FADA), David Miazzo.

But he warned that it does not solve the underlying monetary / exchange problem. “The excess of pesos, the delayed official exchange rate and the exchange gap continue to exist. A higher entry of dollars in September does not solve the problem,” she stressed. and added: “It is a patch: because an exceptional measure, for 25 days, which does not solve the underlying problem”.