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Hern\u00e1n Emilio Satorre<\/strong> is co-founder of Amplificagro<\/p><\/div>\n AgriBrasilis – Why did Argentina start to import so much soybean from Brazil?<\/strong><\/p>\n Hern\u00e1n Satorre –<\/strong> Mainly because the manufacturing industry does not have enough raw materials to fully utilize its installed capacity and meet its production objectives.<\/p>\n The causes of this shortage were due to bad weather conditions (drought) and the lack of public policies.<\/p>\n AgriBrasilis – What is expected from the new soybean dollar?<\/strong><\/p>\n Hern\u00e1n Satorre –<\/strong> The last \u201csoybean dollar\u201d established that 75% of currencies should be settled on the Mercado Livre de C\u00e2mbio (MLC), while the remaining 25% would be available free of charge.<\/p>\n It is important to understand that this measure does not generate resources, it only advances them (sales advance). This measure creates distortions in the agricultural value chain, especially in activities that use soy as an input or reference.<\/p>\n AgriBrasilis – How did the different exchange rates previously adopted behave?<\/strong><\/p>\n Hern\u00e1n Satorre –<\/strong> The first program, \u201cSoybean Dollar 1\u201d was the leader in tonnes sold, reaching almost US$ 8 billion. Its successor, the \u201cSoybean Dollar 2\u201d, recorded a lower sales volume due to its temporary nature and the fact that the majority of farmers, especially small ones, had already opted for the \u201cSoybean Dollar 1\u201d to obtain more competitive prices and meet financial commitments.<\/p>\n In a context of unfavorable agrometeorological and productive conditions, the \u201cSoybean Dollar 3\u201d managed to sell approximately 8 million tonnes, generating revenues of US$ 5.6 billion. These initiatives also impact purchasing strategies in the industrial and export sectors. Currently, almost 8 million tons of soybeans are awaiting commercialization, of which 3.8 million are awaiting pricing.<\/p>\n AgriBrasilis – How is it possible to increase soybean exports in a scenario of poor harvests?<\/strong><\/p>\n Hern\u00e1n Satorre –<\/strong> Argentina is in the middle of an election year. Therefore, many of the measures that are being adopted do not respect an economic or productive logic, but follow a political logic. The current government seeks to reinforce the Central Bank’s reserves looking at the short term, without considering the distortions and damages that may be generated.<\/p>\n AgriBrasilis – Why did China lose its position as Argentina’s main source of imports?<\/strong><\/p>\n Hern\u00e1n Satorre –<\/strong> The main reason has to do with China’s official plans focused on increasing domestic soybean production and reducing dependence on imports, which is part of a broader national food security campaign. Of course, this is an alarm signal for countries like Brazil and Argentina.<\/p>\n AgriBrasilis – What is the solution to avoid shortages of agricultural inputs due to import difficulties?<\/strong><\/p>\n
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