Argentina: Who are the agro-exporters that benefited from a dollar at $200?

Published Sep 20, 2022

Tridge summary

The Argentine government's new policy, introducing a preferential exchange rate of $200 for soybean products, also known as the 'soybean dollar', has led to a significant surge in registrations for soybean exports, with a 400% increase in September compared to August. This measure has shifted $200 billion to agropower and has been criticized by small producers due to its benefits being largely enjoyed by large agro-exporters and landowners. The Central Bank has responded by restricting access to certain dollars for companies selling soybeans through its Export Increase Program. The article also highlights the concentration of foreign trade in the hands of a few large companies, including the 'big four' U.S. and French firms, and suggests a state monopoly of foreign trade managed by workers as a means to address the current issues and prioritize exports for meeting the needs of the population.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Registrations for selling soybean products and their byproducts abroad increased by more than 400% this month compared to August after the Government of the Front for All gave the soybean dollar to agropower: an exchange rate of $200. The agrarian employers assured that there was no retained soybean. But, after Sergio Massa's announcement of a "soybean dollar", a differential exchange rate of $200 for this product for the month of September, there was a jump in grain sales records abroad to take advantage of this gift. The measure meant a transfer of income to agropower of $200,000 million. It may interest you: The Government transfers $ 200,000 million to the field with the new soybean dollar Fearing of losing more dollars, the Central Bank announced that companies that sell soybeans through the Export Increase Program, starting this Tuesday they will not be able to access the purchase of the stock market dollar -CCL or MEP- nor the so-called savings dollar. Then the monetary ...

Source: Laizquierdadiario