Minister Sergio Massa Announces Increase in Dairy Booster Contributions and Extension of Program Until December 31st

2023-09-20 07:00:00

The Minister of Economy Sergio Massa announced that the contribution of the dairy booster will also be increased by 20%, as well as the extension of that program until the end of the year. Representatives of the dairy chain had been expressing their discomfort.

Wednesday, September 20, 2023

He Economy Minister, Sergio Massa, announced the eliminates withholdings for 90 days for dairy products, increased the Impulso Tambero quota by 20% and extended the program until December 31.

The presidential candidate for Unión por la Patria announced this Wednesday the “suspension of the collection of withholdings on dairy exports for the next 90 days”, in a meeting with the dairy sector that took place in the Santa Fe town of Pilar.

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Over there, Massa also urged the dairy sector to maintain “clear prices” on the shelves in the next 90 days..

“EThe price issue and that we have agreed on a clear price path for people in the next 90 days on the shelves is key and it is also key that the effort reaches the producer, because if we lower withholdings and the producer does not see an improvement in the price there will not be served nothing in terms of volumes,” he said.

However, The measures will be implemented with the condition of freezing the products for three months and maintaining the profitability of the dairy farmers. TAs indicated by the Treasury portfolio, this represents an investment of $10,000 million on the part of the State, of which around 7,200 million will no longer enter as withholdings.

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Massa highlighted thatThis measure “takes us from now to the end of the year an investment of more than 10 billion pesos for the sector. 7,200 million pesos less income for the State in terms of export duties and 3,573 million pesos put as State investment to keep our dairy farms functioning and producing.”

In a event at the facilities of the Tremblay dairy companythe minister announced these measures for the entire Argentine dairy chain with the intention of repairing the detrimental effects that the drought had on the cost structure of producers.

For your part the Secretary of Agriculture, Livestock and Fisheries of the Nation, Juan José Bahillo reaffirmed “the commitment to continue accompanying the producers because the problems are not solved with the first rain.”

The ministers of the agricultural area of ​​Santa Fe, Córdoba, Buenos Aires and Entre Ríos participated in the meeting. During the activity, the governor of Santa Fe, Omar Perotti, stated that “This is an opportunity to ratify the potential that the dairy and the central region have due to the roots“, the incorporation of value and distribution in each of the different towns, generating industries, with the significance and history that the Santa Fe dairy has reaching international markets.”

A tough letter

Just a few days ago, the dairy chain asked the minister Sergio Massa some specific measures to alleviate the serious crisis that the sector is going through, especially following the strong impact of the drought on production. “Both farms and industries are at the limit of their possibilities and there are many companies that face a scenario of possible bankruptcy.””they said.

The letter was signed by 9 entities and producer associations who stated “The dairy chain has been losing a total of $5.7 billion/monthand paying the cost of becoming increasingly indebted and decapitalized, we sustained the flow of supply, without shocks or drops in production,” they expressed, while asking for concrete measures to move forward.

Among the signatory entities of the letter that led to the measures presented today by the government are:

Chamber of Dairy Producers of the Western Basin of Buenos Aires (Caprolecoba) Table of Milk Producers of Santa Fe (Meprolsafe) Center of the Dairy Industry (CIL) Association of Small and Medium-sized Dairy Enterprises (Apymel) Intercooperative Board of Milk Producers Confederation Agricultural Intercooperative (Coninagro) Argentine Agrarian Federation (FAA) Union of Milk Producers Cuenca Mar y Sierras Chamber of Milk Producers of Cuenca Abasto (USV Abasto).

LR

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