Companies that sell soybeans through the Export Increase ProgramAs of 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, as established by the Central Bank.
The measure does not include producers who sell soy but to the companies that do it.
“I want to clarify that the resolution of the Central Bank does not include the producers who have been accompanying the Export Increase Program with so much effort,” said the Secretary of Agriculture, John Joseph Bahillo.
The Communication “A” 7609 of the BCRA includes “clients residing in the country dedicated to agricultural activity who sell merchandise within the framework of Decree No. 576/22”, which established the Export Increase Program, which allows access to a preferential exchange rate of $200 per dollar for the export of soybean grains or derivatives.
The monetary agency also specified that “economic agents that have sold soybeans under the Export Increase Program will not be able to access the foreign exchange market for purchases of foreign currency nor carry out operations with titles and securities with settlement in foreign currency.”
9 million tons were sold
Soybean sales by producers have already accumulated almost 9 million tons in ten days.
Since the beginning of the month, the monetary authority has already acquired about US$2.35 billion.
The Export Increase Program was agreed with the main exporting complexes, who committed to liquidate soybeans and derivatives for at least US$5,000 million during the current month.
