07/01/2021 11:43
Clarín.com
Rural
Updated 07/01/2021 11:43 AM
During June, companies in the agribusiness sector liquidated 3,358 million dollars and in the accumulated figure of the first semester of the year it reached a record figure of 16,659 million dollars.
This was indicated by a report from the Chamber of the Oil Industry of the Argentine Republic (CIARA) and the Cereal Exporters Center (CEC), entities that represent 48% of Argentine exports.
"The amount of last June is a record for that month in the statistics of the last 19 years, except 2018," they said from the camera.
"This sum represents, however, a decline of 5.2% with respect to the previous month of May but an increase of 43.2% in relation to the same month of June of the previous year," they added.
In this sense, the accumulated foreign exchange income from agro-exports in the first six months of the year reached 16,659 million dollars
,
marking
an absolute record for the same period of the last 18 years
.
According to Ciara-Cec, despite the fact that international prices fell due to the expectation of climatic improvement and measures in favor of biofuels in the United States, and the increasingly pronounced decrease in the flow of the Paraná River,
the balance of agro-industrial exports still It benefits from toned prices on the world market
, due to the strong demand from countries that seek to rebuild their stocks after more than a year of pandemic.
May saw the peak of the year in the price of soybeans and corn in the Chicago market, when they traded above $ 600 and $ 300, respectively.
Now, grain price expectations are encouraging again. The report of the United States Department of Agriculture (USDA) this Wednesday makes foresee solidity in the prices of soybeans and corn, according to the Granario analyst
Iván Barbero
. "The state of the crops shortly after entering the definition of yields and the tight stock-consumption ratio may lead the funds to redouble their bets," he added.
The USDA report indicates that in the case of soybeans, the difference is important, given that the official data, of 35.43 million hectares, was close to the March data, of 35.45 million, but far from the 36, 01 million calculated by the operators.
To further accentuate the bullish spirit, in the report on quarterly stocks the USDA released 20.87 million tons, below the 21.04 million projected on average by private companies.
Regarding corn, although its calculation of the sown area was raised from 36.87 to 37.51 million hectares, the market had been operating with an expected area covered of 37.95 million hectares.
The data on inventories as of June 1 remained close to expectations, with 104.46 million tons in the USDA payroll compared to the 104.91 million expected by the market.
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