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The Rural Federation accused of a “brutal exchange rate delay” in Uruguay

Published May 27, 2024

Tridge summary

The Rural Federation (FR), Uruguay's influential agricultural association, held its annual congress, where they highlighted the challenges and progress in the agricultural sector. The federation acknowledged the positive aspects of the economic system, but called for fiscal relief due to the significant exchange rate delay. They stressed the importance of the agricultural sector during economic crises and drew attention to the negative impacts of floods and the deterioration of rural roads. The FR also criticized the lack of progress on the National Irrigation Plan and praised the decision to prevent the Minerva-Marfrig operation, showing their support for competition in the refrigeration industry.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Rural Federation (FR) held its annual congress where they communicated some conclusions in relation to the agricultural sector, among which were the exchange rate delay, the floods that affected agriculture, and rural roads. the Minerva-Marfrig operation and the National Irrigation Plan. One of the most influential agricultural associations in the country held its annual congress where they presented a final document communicating all the concerns and progress that they believe to be considerable in the agricultural sector. Among them, the exchange rate delay was one of the main topics. First, they highlighted the good things about the economic system. “We consider the reduction in inflation achieved to be very important, an objective that we must maintain. “We also agree on the free floating of the dollar,” the statement states. “However, the brutal exchange rate delay must be recognized, which critically and decisively affects the competitiveness of the productive and export ...
Source: Agromeat
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