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In the first half of the year, “subsidized” food imports grew 45% than in many cities in Argentina

Updated Aug 11, 2021
INDEC revealed the figures on foreign trade for the first half of the year that, ordered by the Ministry of Agriculture, allow us to see that this country is really generous or very stupid, as you prefer. And it is that in the agroindustrial items, imports made between January and June grew 45.3% compared to the same period of 2020.
According to the Foreign Trade Monitor published by Agriculture, these first six months almost 4,000 million dollars were used to bring many of things that Argentina already produces. That is, about 1,300 million dollars were spent more than in the first half of last year, with the aggravating factor that they are dollars subsidized in some way by all Argentines. It is important to clarify that imports are made at the price of the official dollar, which these days is around 100 pesos. That is the price that importers of all categories pay each time a merchandise enters the country. If we take into account that in the parallel market the US currency costs Argentines about 180 pesos, it is obvious that these purchases of food abroad are generously leveraged by the Argentine State itself. It would not be too objectionable to use the dollars administered by the Central Bank, and denied to the Argentines themselves, to import inputs or goods that are not produced internally. However, ...
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