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December 17, 2022
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Soybean dollar: sales exceeded 3,885,000 tons

Almost 300,000 tons of soybeans have already been sold and they accumulate more than 1.15 million

The Ministry of Agriculture extended today the term to adhere to the second edition of the so-called “soybean dollar”. Photo: 123RF.

Soybean marketing since the Export Increase Program II (PIE II) came into force on November 28 has already exceeded 3,885,000 tons, while Foreign currency income was US$ 1,824 million from the agricultural export sectorr.

Until this Thursday, bean sales by producers reached 3,698,560 tons, which added to the 186,519 tons registered for this day in the Sio-Granos Monitor until 7:30 p.m., give a total of 3,885,079 tons, so By the end of the day, negotiations are expected to exceed that amount, the Rosario Stock Exchange (BCR) reported today.

Regarding foreign currency income, until this Friday the agro-export sector entered US$ 1,824 millionas indicated by the consultant Gustavo Quintana, of the US$ 3,000 million agreed with the Chamber of the Oil Industry and the Cereal Exporters Center (Ciara-CEC) to be settled before the end of this special exchange regime of $230 per dollar for the soy complex on December 31.

The measure, provided by Resolution 220/2022 published this Friday in the Official Gazette, extends the term -which expired next Wednesday- to next January 20

This inflow of dollars allowed the Central Bank (BCRA) to close today’s session with a positive balance of US$55 million, while during the week it acquired US$361 million, thus adding the thirteenth consecutive day of purchases after the reimplementation of the FOOT II.

The positive balance of this Friday is added to the US$457 million that the monetary authority acquired in the first week of the soybean dollar, to the US$236 million that it bought in the second, so that to date the total purchased by the monetary authority amounts to US$ 1,054 million.

Until this Friday, the agro-export sector entered US 1,824 million
Until this Friday, the agro-export sector entered US$ 1,824 million,

Secondly, The Ministry of Agriculture, Livestock and Fisheries today extended the deadline for those who adhere to the second edition of the so-called “soybean dollar” to submit their sworn statements.

The measure, arranged through the Resolution 220/2022 published this Friday in the Official Gazetteextends the deadline -which expired next Wednesday- to next January 20.

In this way, it seeks to “improve the commercialization of PIE and increase the volume of the aforementioned program”, it is stated in the recitals.

Within the same framework, last week the national ministry led by Juan José Bahillo established that Those who have adhered to the program and have affidavits of sale abroad (DJVE) of the products reached may request an extraordinary extension of 90 calendar days.and with expiration of the declared shipping period, plus the automatic extension, during December 2022 and January 2023.



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