Olives, are considered in government regulations for regional dollar economies

There The Minister of Agricultureby means of the Resolution 138/2023 published today in the Official Journal, has made progress in implementing the regional economies in dollars which will be valid until August 31 and at a value of 300 pesos per dollar. The layout, which bears the signature of the domain owner Juan Jose Bahillo, determined the products that are achieved by the differential exchange rate.

The products on the list include: many fish products, natural honey, pulses, olives, chickpeas, beans and other legumes, peas, asparagus, lemons and their natural oil, nuts, grapes and raisins, sour cherries. , plums, garlic, red beans and cranberries, blueberries and other fruits of the genus Vaccinium.

In addition, will be covered by the official measure: green and black tea, popcorn, peanuts in their different varieties, peanut oil, fish oils, vegetable waxes, olive oil , jojoba oil, sweet corn, beef extracts, fish preparations, wines, tobacco, meat and fish meal, forestry, wool, lemon oil, among other products.

Although it has emerged over the past few hours that this week government meetings with various sectors will continue to add more products to the dollar of regional economies, the truth is that dairy products are not considered in the resolution of today (there was a demand from the governors of the center of the country, so the dairy is considered a regional economy), pears, apples, yerba mate, cotton, among other productions. Sorghum, barley and sunflowers had also been mooted as a possibility to enter the system, for which it was estimated that the government could collect some $600 million for these products, but they are also not on the list. list.

To access the differential exchange rate, among other conditions to be met, the sectors that appear on the official list will have to comply with the price agreements for the local market established by the Internal Trade Secretariat. The government fears that an improvement in the exchange rate will translate into higher domestic food prices. In fact, the list of productions that add to the new dollar was released to the press last Friday after the release of last month’s inflation rate, which reached 7.7%, the largest monthly increase in more than 20 years.

Juan Jose Bahillo
Juan Jose Bahillo

In addition, as stated in the resolution, sectors that access the differential exchange rate must “have exported at some point during the 18 months immediately preceding the entry into force of Decree No. 194 of April 9, 2023, and assume the commitment to maintain or increase the number of jobs listed under its dependency, when the aforementioned decree comes into force.

To all this, the Ministry of Agriculture recalled that the goods targeted by the measure “derived from wine-growing, olive-growing, beekeeping, fishing, forestry, wool, as well as the production of legumes, garlic, tea, peanuts, tobacco, lemon, fruits -such as cherries, plums and blueberries- and special products intended for the foreign market almost exclusively such as popcorn, candy sunflower and products that have the condition of ecological, organic or organic duly certified and authorized by the competent body, under the terms of Law No. 25.127 and its regulations”.

The 300 peso exchange rate measure for regional economies is part of the agro dollar which also contains the same value for the soybean complex, although in the latter case its validity is Until May 31. Last week, in its first days of operations, it closed with a level of commercialization of soybeans lower than the records of previous editions of the measure, although the liquidation of foreign exchange by the export sector has accelerated in recent years. days, exceeding $800 million.

Additionally, the monitor SIO-Grainsofficial platform on grain marketing and average prices, reported that up to 6:00 p.m. last Friday, 36,860 tons of soybeans had been traded, which added to the 441,747 tons traded between Monday and Thursday, implied an estimated closure for the week of 478,607 tons sold by producers.

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