Argentina: Who benefits from the high international prices of grains and oilseeds?
Argentina
Published May 15, 2022
Tridge summary
The escalation of inflation that affects the lower-income sectors more forces us to propose substantive solutions. In a context of high prices for raw materials, the Government and the large agrarian employers are once again partners in extractivist agribusiness. Lucía Ortega@OrtegaLu_ Soybean prices once again broke historic records at the end of April, breaking US$640 per ton, reaching values from September 2012. They thus approached the maximum record in the history of bean sales on August 1, 2012, when it reached US$657 per ton in the Chicago market. Added to this are other good prices for commodities such as corn. What could be "good news" for Argentines, becomes a catastrophe for the social majority. On the one hand, because the “external shock” ends up generating a rise in internal prices. On the other hand, because the "bonanza" could mean that extraordinary income of dollars is concentrated in a few hands and goes through another window in debt payments.
Original content
The escalation of inflation that affects the lower-income sectors more forces us to propose substantive solutions. In a context of high prices for raw materials, the Government and the large agrarian employers are once again partners in extractivist agribusiness. Lucía Ortega@OrtegaLu_ Soybean prices once again broke historic records at the end of April, breaking US$640 per ton, reaching values from September 2012. They thus approached the maximum record in the history of bean sales on August 1, 2012, when it reached US$ 657 per ton in the Chicago market. Added to this are other good prices for commodities such as corn. What could be "good news" for Argentines, becomes a catastrophe for the social majority. On the one hand, because the “external shock” ends up generating a rise in internal prices. On the other hand, because the "bonanza" that could mean that extraordinary income of dollars is concentrated in a few hands and goes through another window in debt payments. The impact ...
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