US EditionExporting Refrigerators Smile Again: Due to Devaluation and the Removal of Retentions the Price in Dollars of the Bull Dropped 15%
Summary by Bichos De Campo
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The decrease in export duties announced by Javier Milei at the Rural Exposition, but above all the improvement in the value of the dollar in recent weeks, returned competitiveness to the exports of beef. For several months the “meat dollar”, which emerged from removing the retentions (was 6.75 per cent and reduced to 5%) to the wholesale value of the US currency, was placed on the floor of the band and even at some point was below 1,000 pesos. I…
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