THE BEST FEBRUARY FOR AGRICULTURAL EXPORTS IN RECENT YEARS
As reported on Monday, March 1, by the Chamber of Oil Industry of the Argentine Republic (Coiar) and the Cereal Exporters Center (CEC), during the last month foreign exchange from agro-industrial exports was liquidated for u$D 1.810.076,157. In addition, it was the highest income of all February of the last 18 years with the exception of 2014 when it was 1,892 million dollars. On the other hand, in the first two months of the year the inflow of foreign currency was U$D 3,950,430,732.
According to what they commented from both entities, the increase in foreign exchange income in February was related to the increase in international prices of industrialized products based on soybeans and of commodities in general and to the regularization of shipments delayed in December already early January by different measures of union strength, and the liquidation of stocks to facilitate the entry of the next thick crop.
It should be remembered that last December there was a strong union conflict, led by the oil unions and grain receivers, which affected foreign trade and the processing of raw materials that reach the plants installed in the industrial cordon area.
On the other hand, in 2020, despite the enormous difficulties caused by the coronavirus pandemic, the complex of cereals and oilseeds represented more than 40 percent of the total exports made by Argentina, with soybean meal being the main export product , with almost 14 of the total sold to the world.