The New Agro Dollar Finally, the government confirmed a new agricultural exchange rate – the “agro dollar” program, from which soybeans are excluded. The following products are subject to a higher exchange rate (340 ARS/USD) until 31 August 2023: corn, barley, sunflower, malt, and regional economies. For reference, the official exchange rate is around 271 ARS/USD, while financial dollars are at 530 ARS/USD, and the parallel market is at 540 ARS/USD. At the same time, the government imposed import taxes, with rates depending on the type of import: goods at 7.5 percent, services at 25 percent, and freight at 7.5 percent. Exceptions were made for essential inputs used in the production of goods included in the basic food ba...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.