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Argentina's third soy dollar program, which set a preferential exchange rate of 300 pesos per dollar for soybean and byproduct sales, is ending. Revenues were close to government targets, with about 6 million tonnes of export licenses worth $5 billion, mostly soymeal, though the 7-10 million tonne goal was not met.
Industry sources said the program was not a success.
The incentive pushed meal sales into export channels and added supply to world meal markets, which weighs on soymeal prices. The program's end may reduce that pressure.
fastmarkets.comMarcela Caetano5 jun 2023Na 223 eerdere neerwaarts beleid-gebeurtenissen bewoog Sojaschroot zich mediaan -0,3% over 5 sessies (45% hoger; middelste helft -2,2% tot +1,2%), en -0,6% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
