Soybean marketing after the reestablishment of the Export Increase Program (PIE), which establishes a differential exchange rate of $230 per dollar for the soybean complex, is around one million tons in the first three days of the measure’s validity.
According to the Sio-Grains Monitor, a platform of the Ministry of Agriculture, Livestock and Fisheries that shows real-time operations in the grain market, until 7:30 p.m. today 124,747 tons were sold.
This isThey add up to 869,320 tons of soybeans, between new businesses and fixationswhich were recorded between Monday and Tuesday.
Thus, up to now, 994,067 tons have been traded, a volume much higher than what was negotiated during the weeks prior to the implementation of the measure, when the daily average was between 60 and 70 thousand tons.
One of the relevant data today was that the Central Bank (BCRA) closed the session with a positive balance of US$ 24 million, with which he added the third consecutive day with purchases after the reimplementation of a special exchange rate for exports of the soybean chain.
Last Monday the Central Bank bought US$192 million, while on the wheel yesterday it bought US$122 million.
Thus, adding today’s positive balance, the total amounts to US$339 million since the Export Increase Program was reinstated.
With respect to oilseed price, registered today a raise of $1,000 both for the unloading of merchandise and for the fixing of businesses carried out prior to the measure and closed on the Rosario Stock Exchange (BCR) at $85,000 a ton.
In addition, the Central Bank of the Argentine Republic (BCRA) today reported purchases for US$ 24 million, on a day in which the agro-export sector liquidated foreign currency for US$ 87.5 millionaccording to market sources.
Thus, the monetary authority has bought US$ 338 million in three days of the US$ 3,000 million agreed, as a minimum, with the Chamber of the Oil Industry and the Center for Grain Exporters (Ciara-CEC).
