Agro-exporters highlight the result of the soybean dollar in Argentina and insist on permanently lowering the tax burden

Soybean

Argentina

Published Oct 3, 2022

Tridge summary

The Chamber of the Oil Industry of the Argentine Republic and the Cereal Export Center issued a statement, after the presentation made by the Minister of Economy, Sergio Massa, on Friday, and evaluated that the implementation of Decree 576/22 of export increase for the soybean agro-industrial complex "has generated positive results."

Original content

In the first place, they highlighted that producers, collectors and cooperatives sold some 14 million tons of soybeans to exporters in 20 business days in September. According to what was reported, this generated an increase of 427% in relation to the same month of 2021 and an increase of 333% compared to the average of the previous 5 months since the harvest of the present agricultural campaign began. "The trend of grain sales by producers, collectors and cooperatives has changed significantly," said Gustavo Idígoras, president of the institutions. Regarding records of export contracts, they indicated that there were DJVE (Sworn Declarations of Sales Abroad) for more than 12 million tons between soybeans, flour and soybean oil, which "represented a total value greater than 6 billion dollars." Finally, regarding foreign currency income, "we have exceeded all estimates," Idígoras stressed, and stressed that "September has been a historical record, reaching very high levels, above ...

Source: On24