Optimism in the agricultural and agro-industrial sector after the announcements of Caputo

Agricultural entities will consider that this is a historic claim fulfilled, and that the measure will help to recover predictability and competitiveness.The post The field celebrated the end of the exchange rate quota: “A new stage opens with more investments and stability” appeared first on The Intransigent.

The latest SEA survey conducted last March by the Argentine Association of Regional Agricultural Experimentation Consortiums (Aacrea) shows that farmers and dairy farmers are optimistic about the evolution of the business. The forage production reported by the advisers was equal to or better than that recorded in the previous period – with the exception of Norte de Buenos Aires, Centro and Chaco Santiagueño – for 73% of the CREA groups that carr…

The recent announcements by the Minister of Economy, Luis Caputo, aroused strong support from the countryside and agro-industry, key sectors of the Argentine economy that interpret the measures as a step towards macroeconomic stability and the recovery of export competitiveness. Among the highlights is the lifting of the exchange rate quota, a historic demand of the agricultural sector.From the Argentine Rural Society (SRA), its president Nicolá…

The economic announcements made by the minister Luis Caputo generated a positive reaction in the field and agro-industry, sectors that see in these measures an opportunity to boost their growth. Nicolás Pino, president of the Argentine Rural Society (SRA), said in statements to the portal ValorAgro, that "the lifting of the stocks represents a new stage for the agricultural sector", noting that it is a historical demand that finally begins to ma…

The Rural Society and the different chambers stated that there is "expectancy" in their respective sectors before the elimination of the quota and the passage to a new exchange rate scheme: "They will have positive effects on investment".

The president of the Rural Society showed himself to be one of the winners of the government announcements and whitewashed the expectations of devaluation. Without knowing how much the official change will be, he said it will be "favorable."