News in ECONOMY: Erize: "It's a lie that Argentina exports soybeans to China"

The director of the consulting firm Nóvitas, Enrique Erize, he gave an interview to the Agrositio channel where he talked about everything: Donald Trump, China, soybean, corn and the lack of agricultural policy in Argentina, in addition to questioning the corn and wheat retentions arranged by the government of Mauricio Macri.

Sign up for alerts from Urgent24.

Here are some of its most important definitions:

> "This change in retentions was soy, anti maize. What has changed in this dark weekend in Olivos? Corn holdings went from 0 to 10, wheat from 0 to 10 and soy from 26 to 29. Nobody said that soybeans had increased by 3 points and maize by 10 points. Why? Has someone asked for it? I do not know"And he continued:"they eliminated the tariff differential on oil and flour, which was the only active policy in the country ".

> "It was a mistake to raise more retention on corn than on soybeans, the minister was pressured by the IMF … This is what the IMF asked, namely that deductions increase"

> "It's a lie that Argentina exports soybeans to China. Until last year, only 6% of Argentine soybean exports went to China, in the form of beans. 90% go to flour and oil at 40 different destinations; that we have lost or are losing. Where is the benefit of having done that? The exporters who turned it up eventually lose for these 3 points. Today, it is better to export soybeans to China and not grind it here. But you have the most efficient and competitive oil industry in the world, and because of that, Argentina has a soy market that has … We're about to lose it. If that was a mistake, it's time to fix it. But if it was an imposition or a state policy, because they will invest in Vaca Muerta ..."

> "We were heading for an increase in corn-soybean acreage, which I think is good. Now it is not like that. I know a lot of people who, at the last moment, decided to go from corn to soy. I do not really agree that the soybean region will not suffer from this difference. Some soybeans increase because of the change in corn. When it was the year to make corn, because in the world the stock is low, the US demand outstrips supply for the second year in a row … Because the # Next year, when the United States announces an increase of 3 million acres of corn for the problem you have with China, you will have to make soy. It was the year of the rotation. We go to contramano. How is it that we are contrasted in the southern hemisphere, knowing what is going on there, which represents 80% of the world corn and wheat production, without knowing that it speaks very badly of our people who take the decisions ".

> "There is no agricultural policy, and less active policies. There is no sunflower market, which is very important, and the government could do something "

> "I do not want to (Guillermo) Moreno, but I do not want libertinism either"

> "I'm pessimistic with 2019 soybeans