Exports of Argentine grains, oilseeds, and their derivatives fell 75% year-on-year in September to just over $2 billion, the Argentine Chamber of Oil and Grain Industries (CIARA) said in a report Monday from the Exporters' Center (CEC).
Exports of Argentine grains, oilseeds and their derivatives fell 75% year-on-year in September to just over $2 billion, the Argentine Chamber of Oil and Grain Industries (CIARA) said in a report Monday from the Exporters' Center (CEC). However, September exports were up 15% from the previous month, the chamber added. When comparing the first nine months of 2023 with the same period last year, the grains and oilseeds sector lost 50% of sales abroad. The CIARA-CEC chamber cited the preferential exchange rate mechanism this month to boost exports compared with August, although sales remain sharply depressed due to a devastating drought that has damaged recent soybean, corn and wheat harvests. In the midst of a sharp run on central bank reserves, the government has repeatedly pushed for a special exchange rate for exporters to speed up sales of grain, the South American country's main source of ...
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