After problems with the prolonged drought, now Argentine soybean producers have stopped selling the 2022/23 crop – which was already long overdue. According to the specialized portal Valor Soja, agro-industrial companies “rejected the new BCRA (Central Bank of the Argentine Republic) exchange rate as they considered it ‘harmful to the entire chain’”. According to the article, the drought and the distortions promoted by the federal government through the exchange rate regime called “soy dollar” are causing a significant delay in the marketing of soybeans for the 2022/23 harvest. Until January 18, according to official data updated this Tuesday by the Ministry of Agriculture, 2022/23 soybean sales totaled just 3.01 million tons. “This figure, considering a probable Argentine harvest of 37.0 million tons – preliminary estimate of the Bolsa de Comércio de Rosario – would represent a proportion of the order of 8.0% against 13.8%, 14.3% and 26, 9% on the same date two and three years ...
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