In one month, wheat fell 39% in Chicago, but bread rose 3.4% in Argentina

게시됨 2022년 7월 16일

Tridge 요약

The Argentine government increased withholdings on soybean flour and oil to fund the Stabilizing Fund of the Argentine wheat, due to President Alberto Fernández's efforts to combat inflation and rising wheat prices. However, data from the Rosario Stock Exchange shows a significant decrease in wheat prices despite improved production prospects and negotiations in the Black Sea region. Conversely, bread prices in Argentina have increased by 38%. The US Federal Reserve's decision to increase interest rates in an inflational context has also revalued the dollar, reaching parity with the euro for the first time in 20 years.

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원본 콘텐츠

On March 19, the national government made official one of the last measures that generated strong discomfort in the Argentine agro-industrial chain: an increase in the withholdings on soybean flour and oil, to finance with that extra collection the "Stabilizing Fund of the Argentine wheat. Hours earlier, President Alberto Fernández had announced his "war" against inflation and had mentioned the sharp rise in the price of wheat as one of the battles to be fought, so that it does not impact the price of bread. It so happens that on March 8, according to data compiled by the Rosario Stock Exchange, the price of wheat in the Chicago market had reached US$472.71, the highest value since 2014, rising almost US$200 from the less than US$300 at the price it was trading in February, before Russia's invasion of Ukraine. Since then, the government has maintained an official discourse that blames the rise in international prices for inflation and therefore justifies interventions in the grain ...

출처: ARInfocampo