Nicolás Pino, on the soy dollar: “This is not even”

The head of the Argentine Rural Society, Nicolás Pino, criticized the government’s decision to establish a “soybean dollar” at $ 200 until September 30, through which soybean exports can be regulated.

“this is not evenbecause the people who sold last week, in the harvest of March, April, do not have this temporary benefit this month “, said Pino in dialogue with Rivadavia radio.

The rural leader also said that the price set for this month is insufficient, because in the Chicago market, which sets the price of soybeans, the ton of that legume ranges from 550 and 570 dollars.

“We, still with the 200 pesos that the government took away this month, are far from that value,” Pino said.

However, the agricultural manager stressed that the measure, made official this Monday, even if insufficient, could be a good omen if it were a first step towards normalization. a first approach to normality so that each producer can sell at an appropriate price.

The government made official this Monday in the Official Gazette the mechanism by which soybean exports can be regulated according to the new and special value of the so-called “soybean dollar”, set at $ 200, until September 30th.

Some details of the decree 576/2022 of necessity and urgency, signed by Alberto Fernández and the ministers of the National Cabinet, had been put forward by one of its members, the head of the Economy portfolio, Sergio Massa.

As the former Speaker of the House recalled in the announcement, among the benefits that currency exchange will bring, “more than $ 5 billion will go into reserves” and “98% of production will be exported”.

The agrarian leader insisted on underlining how positive the decision by the Executive was, although he stressed that as an entity they will not push producers to make a decision about their crops.

“This month there will be a more attractive price for the producer who wants to sell soybeans, it doesn’t seem fair to me, I understand that the government needs to make money and raise money,” he said.

At the same time, he called the political context “Argentina’s grave problem”, which generates impact and “uncertainty” in the macroeconomics and smaller economies.

“What will happen in October with the people who have soy, back to the other day?” Pino wondered. And he also listed the problems that regional productions are going through, such as lemons from the north, or wool that is undergoing a process of “decapitalization”.

“The decision to sell or not will be a decision of each producer, of each entrepreneur. In particular, I think there will be a greater liquidation volume, the producers will do their numbers, we have to face the harvest and this always requires a lot of money to start and it goes without saying that it will sell as it does when you need money to invest, sell your product, “he concluded.