Argentina: Oil companies and exporters warn that they will pay less for soybeans and thus lose the entire chain

(NAP) The Chamber of the Oil Industry of Argentina and the Center of Cereal Exporters distributed today a report with the impact that the elimination of the tariff differential will have, unifying at 33% the withholdings on exports of soybeans, oil and soy flour, which - according to estimates - would cause producers to lose an income of 400 million dollars annually as a whole, and the net balance of foreign exchange income would fall by 860 million dollars. Ciara published the work carried out by the specialist in grain markets, Pablo Adreani, who diagrammed the new Milling Margin with the increase from 31% to 33% in withholdings on soybean oil and soybean flour, eliminating the differential of the 2%. regarding the aliquot applied to soybeans. In the analysis of the table, Adreani maintains that the purchase price of soybeans, by the oil industry, could drop between 9 and 11 dollars per ton in order to compensate in this way for the higher export costs that arise from increasing ...