The field has already liquidated 3,654 million dollars in soybean and corn exports and thus exceeded the commitment signed by the national government with the cereal companies when it ordered the entry into force of the “soybean dollar 2” in search of entering foreign currency into the coffers of the Central Bank.
The data was confirmed by the Chamber of the Oil Industry and the Cereal Export Center (CIARA-CEC), from where they announced that within the framework of the validity of the program, which was put into effect by the Minister of National Economy Sergio Massa On November 28, 5 million tons of soybeans were purchased and the foreign exchange income was USD 3,654 million.
The commitment that the cereal companies had signed with the Government was to settle USD 3,000 million during the validity of the special exchange rate of 230 pesos for soybean settlements. Of this total, so far, the soybean complex has contributed USD 2.4 billion, while the rest has been contributed by corn exports.
Gustavo Idigoraspresident of the Chamber of the Oil Industry and Cereal Export Center (CIARA-CEC)assured that “the goal of 3 billion dollars in income from the oilseed cereal complex has been exceeded, subtracting a week of activities. Although the month has had fewer working days, the soybean market has reacted and shows once again that if given exchange rate conditions or low withholdings, it can react and become one of the engines of the Argentine economy”.
“This temporary measure shows all Argentine politics that work must be done to permanently reduce the high tax burden for the soybean chain, as well as to unify the exchange rate,” said Idígoras.
