Rural Confederations insists with withholdings in Argentina
Argentina
Published Mar 22, 2023
Tridge summary
The drought and record high temperatures have had a full impact on production: according to the Cereals Exchange, soybean production will be 25 Mt, compared to 44 Mt in 2022, and corn production will be 36 Mt, vs. 52 Mt. past year. It will be the lowest production since 2001. In 2018/19, grain production had been 137 million tons; for this year it is estimated 84 million, about 50 million tons less.
Original content
The bovine stock has suffered irreparable losses, due to fires, lack of grass and water, especially in the province of Corrientes, and in other provinces as well. The same goes for dairy production, with the same problems. Rural Confederations issued a statement warning that "export income will be lost in 2023 in the order of USD 21,000 M, a 45% drop in total agro-industrial exports. The problem of the lack of reserves in the BCRA will worsen, there will be a lack of more imports, and the problems in the agricultural payment chain throughout the country will be severe”. "The government announced a series of tax and credit measures on January 31, before the worsening of the drought, and so far little or nothing has been implemented," they complained. From CRA "we want to remind the new government that takes office on December 10, that in April 2018 the government before the current one entered into a Balance of Payments crisis, with the cessation of placement of international ...
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