Argentina: The program to increase exports boosts the soy market
Soybean
Maize (Corn)
Argentina
Published Dec 22, 2022
Tridge summary
With the entry into force of the second stage of the Export Increase Program (PIE), there was greater dynamism in the oilseed market, which had stopped since the completion of the first stage of this until the end of September. However, when reviewing the traded volume, we find that, in the first 8 days of validity, it reached only 40% of what had been accounted for in the same period of time of the initial phase of the PIE.
Original content
With the entry into force of the second stage of the Export Improvement Program (PIE), there was greater dynamism in the oilseed market, which had stopped since the completion of the first stage until the end of September. However, when reviewing the traded volume, we find that, in the first 8 days of validity, it reached only 40% of what had been accounted for in the same period of time of the initial phase of the PIE. In this sense, during the week that ended on December 9th, offers opened only for Gran Rosario were presented, where quotations went from ARS 85,000/t to ARS 92,000/t, which meant an increase of 8.2%. According to the Rosario Stock Exchange (BCR), it is expected that between December 7th and January 4th, 1506782 t of flour and 218019 t of oil will leave Gran Rosario; from Necochea 26 00 t of bagasse and 13000 t of oil; while from the other ports 13,200 t of flour would be sent. The Buenos Aires Grain Exchange (BCBA) reported an advance of 37.1% in new sowing, which ...
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