Record Agri-exports But Lack Of Foreign Exchange. More Tons Sold And At Higher Prices Than In Previous Years

Oilseeds and cereals agro-industrial complexes exported 53.1 million tonnes in the first half of the year, the largest tonnage in history for this category of products, according to a report released by the Rosario Stock Exchange (BCR) this Friday . Over that period, “tonnes exported by the five main complexes increased by 6.8% compared to the same period in 2021,” the publication highlighted.

Work by Guido D’Angelo, Alberto Lugones and miles Terre indicates that the corn complex “marks its second best semester in its history, growing 6%, exports of the soybean complex decreased by 16%.” compensates”. The report said that “the first half of the year closed with a record fine grain crops”, with the sunflower complex growing 15% year-on-year, barley by 40% and wheat by 65%.

BCR stressed that the performance achieved in the first half of 2022 is “an export milestone driven by volumes above prices”, which registered significant growth as a result of the war between Russia and Ukraine. “This record is not only the first semester of the largest export, but it is also the semester with the largest export tonnage of these agro-industrial products in history,” the researchers emphasize.

Similarly, he pointed out that a combination of prices and quantities determined that exports from major agro-industrial complexes, measured in dollars, grew 20.8% in the first six months of this year.

Fine crops led the increase in exports in dollars, with 104% for the wheat complex, 70% for barley and 61% for sunflower, while corn and soybeans grew by 26% and 1%, respectively. BCR reported that these last two campuses account for 74% of the exports of all agro-industrial complexes and about 38% of the total exports for the semester.

“Although this export record is measured in nominal terms, when inflation is discounted in the United States, we find that the dollar generated from exports exceeds the 2013 maximum of exports in real terms by 13% and about 12 percent from the previous year. % higher,” said Terre, D’Angelo and Lugones.

The researchers stated that “the advancement of cereal grains over soybeans in area sown with extensive crops, with a strong presence of maize, makes it possible to substantially understand the overweight of grain exports on producers of agricultural origin (MOA), where oil Industry is a big contributor”.

“It explained – they add to the soybean complex, which exports about 85% of its products as manufacturing, be it pellets, oil, biodiesel, among other products.” He explained that if the corn complex is taken, the relationship is different “as it exports most of its shipments as grain.”