“The old policy seeks to generate uncertainty to boycott the government program. In making you punish the Argentines: we will not allow it. Therefore, and with the aim of generating a greater offer of dollars during this period, until October 31 there will be zero retentions for all grains. End,” he posted Manuel Adorni In his X. The presidential spokesman referred to the new economic measure of the National Government to remove withholdings from the agricultural sector until the end of October.
The entry of currencies depends largely on the agro export sector, which in recent weeks had slowed down the liquidation in search of better future prices. The decision is given at a key moment for Milei administration, which needs to sustain exchange bands to the legislative elections or modify its monetary policy scheme. “We support any measure that implies eliminating retentions even if they are temporary. You need to see the details of the way of operating and when it will be operational,” he said Gustavo idígoras, President of the Oil industry chamber and the Cereal Exporters Center (Ciara-Cec).
The last report of the Central Bank of Rosario indicated that the purchasing power of the soybean ton reached its highest level in more than a year, placing 27% above what is recorded before the decline in retentions. According to estimates of the BCR, between September and December they could enter US $ 9,949 million, below US $ 10,303 million of the same period of 2024. However, for the economic portfolio commanded by Luis Caputo, The measure can generate positive signals for the entry of dollars in a moment of strong pressure on the reserves of the Central Bank.
The decree establishes that those who export the beneficiary products must liquidate 90% of the currencies within a maximum period of three business days after the presentation of the DJVE. If this condition is not fulfilled, the aliquots in force previously to the measure will be applied again, in addition to the corresponding sanctions. In social networks, the reactions of politicians and economists were present when the news was known.
“We want the withholdings to be eliminated forever, not transiently, or to sustain the exchange rate for electoral purposes, or to finance capital escape. We need policies that really benefit producers and generate predictability so that the sector can invest,” he said Maximiliano Pullaro, Governor of Santa Fe.
Along the same lines, the Secretary of Agriculture and Livestock of the Ministry of Productive Development of Santa FeIgnacio Mántarashe warned: “It seems that the Hot is re -applied from Kirchnerism, which confirms that the decline of the DEX does not obey a genuine plan to give competitiveness to the productive sectors, but that they purely motivate them a need for a cashier. Agricultural producers, who invest several governments without tax benefits, customs or exchange, do not deserve this hand.
“Argentina will go ahead accompanying its productive sectors: it is with the field, not against the field. We need policies that really strengthen our producers; a productive plan that provides predictability, fosters investment, drives the generation of employment and dynamizes regional economies,” said the governor of Córdoba, Martín Llaryora.
“When dollars are needed, the field is always. They saw that it is good, serves and retentions can be low Juan Manuel López of the civic coalition. To the media, the referent of federal meeting, Miguel Ángel Pichettohe warned: “It is an opportunistic and electoral measure. Surely they must go looking for the rapid liquidation of the field of what remains, but we will see if it is concretized or not.”
On the left and Kirchnerism, criticism flowed on social networks. “Gift for soy employers while suspending the emergency to disability. This is the equation of their fiscal balance,” he said Alejandro Vilca, FIT deputy. The candidate for legislator by CABA, Itai Hagmanhe stressed: “The last drowned swamp to stop the dollar.”
“In front of a exchange run, a soy dollar can always save a government from a political crisis that always precedes the economic one,” he said Antonio Aracreformer chief of advisors of the government of Alberto Fernández and former Syngenta CEO. “The price of soy will be around $ 400 over the 290 dollars we have today.
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