Argentina: Agroexporters asked Milei to deregulate foreign trade from day one

The grain trade in Argentina is "paralyzed" due to the lack of merchandise due to a historic drought and because farmers are not making transactions, anticipating a rise in the exchange rate with the elected president Javier Milei. This was confirmed by Gustavo Idígoras, president of CIARA-CEC, in an interview with Reuters. The comments are the first of their kind from the CIARA-CEC chamber of grain exporters and processors, which represents major agro-exporters such as Cargill and Bunge. Argentina is normally the main global supplier of soybean oil and meal, and the third largest supplier of corn. “Today the grain trade is paralyzed by the grain shortage, the hardest in 60 years, secondly by an expectation before the triumph of Milei that there will be a prompt update of the official exchange rate,” said Gustavo Idígoras, president of CIARA-CEC, in an interview with Reuters. Agroexporters: what is the situation of the sector Idígoras said that the shortage of beans for the huge ...