The Government will announce this Wednesday at noon a differential exchange rate for soybeans and the regional economies. The measure seeks to reinforce the Central Bank’s reserve levels after a March with significant losses.
“The Government hopes to get about 4,500 million dollars”, assured Luis Machado, editor of Economy in Perfil. “From the Argentine Agrarian Federation they questioned the measure but the details are not yet known,” he added.
“This year, between soybeans and their by-products, an estimated $17.5 billion30% less than what was exported last year”, said the interviewee in relation to the impact of the drought in the agricultural sector.
Along the same lines, Machado said that producers do not liquidate all their input yields to start quoting based on their expenses. “Those who remain for these measurements are those with the most back”complete.
“It is believed that the measure will be in force until the end of May, so it would last a month and a half, ”shot the journalist. “For regional economies, the measure would last three months,” he concluded.
You may also like