Argentina: Why agricultural exports generate a record of dollars, but the Central Bank does not have enough

게시됨 2022년 7월 8일

Tridge 요약

The article outlines the conflicting predictions regarding Argentina's agro-export complex, with some forecasts showing a year-on-year growth in shipments for 2022, attributed to favorable international prices, particularly for soybean by-products. Despite this growth, the Central Bank (BCRA) is unable to restore its reserve levels due to ongoing economic challenges, including rising imports, especially in energy, and a complex domestic economic environment, amidst efforts to renegotiate the IMF agreement. The article also mentions a decrease in shipments of soybean meal and oil, despite a positive trade balance up to May, due to a decrease in raw material availability for crushing operations.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The agro-export complex will close the year with an increase in its shipments, but without being able to restore the level of reserves of the Central Bank (BCRA), according to private sector calculations. The favorable scenario of international prices, especially in soybean by-products such as flour and oil, boosted foreign exchange earnings. LOOK: Exports down: the record contribution of soybean dollars is only sustained by prices While the Rosario Stock Exchange (BCR) calculated that 2022 will end with a year-on-year growth of US$3,231 million, the Regional Agricultural Experimentation Consortiums (CREA) estimated that in the first five months of the year, exports grew 15% and they generated US$ 15,329 million. The Córdoba Cereal Exchange also prepared a report that reflected the impressive flow of dollars contributed by agricultural exports in the first five months of the year. But the increase in imports, especially in energy, and the complex situation of the domestic economy ...

출처: ARInfocampo