The Secretary of Agriculture, Livestock and Fisheries. John Joseph Bahilloratified this Sunday that the foreign exchange settlement program of the soybean complex will be in force “until September 30but we are going to continue working to promote the sector’s exports”.
At the end of the press conference where the Minister of Economy, Sergio Massa, announced the new scheme For the soybean complex, Bahillo said that the new scheme “allows the producer to strengthen their working capital and they will surely invest in machinery and supplies, just as they have been doing when there are improvements.”
The head of the rural portfolio added that “The new scheme makes it possible to strengthen public accounts and send clear signals to the macroeconomy, providing greater predictability and improving regional economies.”
Starting this Monday and until September 30, soybean producers will be able to voluntarily adhere to the temporary window that allows foreign exchange to be settled for an equivalent of 200 pesos per dollar. pic.twitter.com/8TrBwfuqVE
– Juan José Bahillo (@JuanjoBahillo) September 4, 2022
Later, Bahillo remarked that “for producers who sell up to 85% of their stock, the program provides incentives for the next campaign that we will define in the coming weeks and will reach those producers who do not have more than 15% grains in stock”.
The official pointed out that “it was a process in which exporters and the Liaison Table were negotiated” and assured that “we are going to continue working to promote the sector’s exports, but today the decision is to apply until September 30 “.
