Monday, August 15

Dollar: record liquidation of agriculture in October, more than US $ 2.1 billion

As a key figure, in the last week agricultural producers marketed 750,000 tons of soybeans, a very high figure for that time of year and precisely when the harvest ended several months ago and the planting of soybeans for the new season is beginning. In this way, the political and economic uncertainty before legislative elections, nor the increase in the gap between the official dollar and the blue, held back the producers’ decision to sell.

From now on, some analysts project that there could be a sharp slowdown in the soybean business and estimate that the inflow of foreign exchange could be located at just US $ 1.1 billion., thus showing a year-on-year drop of 36%. Meanwhile, other specialists in the sector point out that sustained international prices were the common dominator throughout the year and although there would be a setback, the field would contribute some US $ 4,000 million for the remainder of the year.

The truth is that starting in December, the dollars from the wheat harvest will begin to enter, which is projected to contribute between US $ 3,500 and US $ 4,000 million in total, but the highest volume would be next January.

In any case, with regard to the income of foreign exchange from the field, next year it would also be at high levels since the first projections indicate that the field would contribute some US $ 35,456 million, which translates into 43% of the total that would be US $ 82,819 million, thus placing it very close to the historical record of 2011 when the country exported for US $ 82,981 million.

The soy complex would once again become the main export complex of the agro-industrial sector, with a total of US $ 20,586 million. It is followed by the corn complex, with $ 8.55 billion in exports for 2022. In turn, it would be the second consecutive year that corn has exceeded the $ 8 billion barrier, consolidating itself as a complex key in Argentine exports. In third place, the wheat complex is erected, with exports of US $ 4,003 million between grain and flour. Finally, the barley and sunflower complexes sign up with shipments abroad for US $ 1,253 and US $ 1,060 million each, both exceeding US $ 1,000 million also for the second consecutive year.