After the Decline of Retentions, in 10 Years the Field Could Increase Its Production by us$28.8 Billion
2 Articles
2 Articles
The reduction of retentions ordered by the national government in a “permanent” way means that Argentina’s producers will recover about US$ 470 million, of which US$ 190 million corresponds to Cordoban farmers. However, the contribution of the countryside through export duties remains gigantic: around US$ 5.5 billion nationally for this cycle, with US$ 1.5 billion coming from the Mediterranean province, the country’s second largest grain produce…
A study carried out by the Bolsa de Comercio de Rosario (BCR) anticipated that the reduction of retentions announced by President Javier Milei last week, coupled with the elimination of the exchange rate gap since April, will cause the Argentine countryside to increase its production by approximately 13 million tons, that is, in ten years that would translate into an extra contribution of US$28.8 billion. The analysis carried out in this report …
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