For his part, the Secretary of Agriculture himself, Juan José Bahillo, came out to make a difference publicly. “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,” he posted on Twitter.
The monetary authority established that they will not be able to access the foreign exchange market to make purchases of foreign currency by individuals for the formation of foreign assets of residents, remission of family assistance and for operations with derivatives, in the terms of point 3.8. of the rules on “Exterior and changes”. From the last resolution it is clear that the main affected would be the agro-exporters.
In other words, those who took advantage of the Settlements to one “soy dollar” that had as objective of accelerating the sale of this oilseed, their possibilities of access to the foreign exchange market will be restricted.
This measure announced by the Minister of Economy, Sergio Massa, which pointed to a special exchange rate to encourage settlements, promoted a “voluntary” adherence by exporters for which the slate value of the grain exceeded $53,000 per ton at the starting point, to more than $70,000, which represented an improvement of more than 32%. For producers, meanwhile, it meant an exchange rate of $200, a jump of more than 37% over the current official value.
