The CANIOB points out that the oilseed sector constantly provides foreign exchange to Bolivia

The sector brings its foreign currency into the country, which balances the trade balance. At the same time, it contributes to the supply of essential productive sectors for feeding Bolivians at a regulated price. The National Chamber of Oilseed Industries of Bolivia (CANIOB) reports that the oilseed sector has always maintained foreign currency liquidity in the country, since export dollars for soy byproducts have been entering Bolivia normally through the system. private banking. "These resources enter the national banking system and are used to cover production costs, the purchase of raw materials: soybeans, which are purchased from thousands of producers and represent 80% of the industries' costs, are paid salaries, taxes, transportation logistics, etc.,” explains the Executive President of CANIOB, Jorge Amantegui. Likewise, it notes with concern that in 2024 they will be affected by the projections of lower yields in the summer soybean harvest and very low international price ...