The agricultural dollar was regulated but the soybean market is stopped: producers ask for a better price

The soybean market remains paralyzed despite the decree published this Tuesday in the Official Gazette that regulated the soybean dollar.

"It's ironed," sources in the sector 

told

This Tuesday, the Government published in the Official Gazette resolution 115/2023 that regulates the third Export Increase Program (PIE), established by decree 194/2023.

There it was clarified due to the uncertainty of the producers that the soybean dollar

low exchange carried out prior to the entry into force of the decree.

And Those subjects that are not adhered to the program are not reached either, be it for operations such as

processing for balanced food, or any other type of operation.

But despite the "fine print" being out, the soybean market is paralyzed.

, according to Sio Granos, and 90% was priceless.

And to this, some 4,000 tons were added with price fixings from contracts that had been made previously.

This Tuesday, according to the same official monitor, until the closing of the edition,

.

The first business took place in Bahía Blanca, where the ADM company bought at $105,000 a ton after 1:00 p.m.

Later, the exporter registered another operation, but for $100,000.

These figures are far from the 1.1 million tons that had been traded in the first two days of soybean dollar 2, and even further from the 1.5 million tons of soybean dollar 1 in the same period.

From the export they warn that

the Government are still going on.

According to Clarín, they are waiting for a regulation from the Central Bank so that agro-exporters can access the differential exchange rate.

The price offered so far does not seduce producers, who in many cases will have to face losses due to the drought.

Two weeks ago, prices for soybeans were between $75,000 and $85,000 a ton in Rosario, with peaks of $90,000, at an exchange rate of $210 (Banco Nación).

And now, with a dollar at $300, the offer ranges from $100,000 to $105,000.

"Paying between 90,000 to 95,000, the industry has a margin of 15 to 20 dollars left. They are comfortable paying that. If they pay more, the margin falls," said an operator consulted by

.

Likewise, it is still waiting for the Government to clarify which will be the economies reached by the agricultural dollar (same exchange rate as soybeans, at 300 pesos).

As

, the Secretary of Agriculture, had advanced, more than 30 regional economies entered that had to meet certain requirements: companies have to meet the "eligibility" conditions.

based on criteria given by the Ministry of Economy to guarantee supply and price so that it does not impact inflation rates.

Meanwhile, the report from the United States Department of Agriculture (USDA) caused soybean prices to rise due to a new cut in the soybean crop in Argentina: 27 million tons.

Now, it is closer to local private estimates.

Protest

A delegation of leaders and members of the Argentine Agrarian Federation (FAA) arrived this morning in the city of Buenos Aires to personally bring to the political decision-makers a list of urgent demands that serve to alleviate the delicate situation of the agricultural producers affected by the worst Drought in decades.

The tour began after 10 o'clock, when they arrived at the Ministry of Agriculture of the Nation to leave a petition, where they talked with the head of the portfolio, Juan José Bahillo.

Then they went to Congress where they held several meetings with national deputies and senators.