They warn that because of the price reduction, soybeans "do not resist" withholding and ask to discuss it

In the midst of the fall in soybean prices, which hit the Chicago Stock Exchange yesterday with minimal values ​​in almost eleven years due to the US-China trade war, exporters and market leaders agricultural sector warned against the weight of the deductions. at the present time and asked to discuss it.

Soybeans pay a fixed rate of 18%. In addition, since last September, along with other products, has to deal with the regime of $ 4 per dollar exported. While today the price of soybeans recovered in Chicago
because of the delay in planting in the United States. Due to weather conditions (9% of the area had been planted, about 29% this time), Argentine producers suffered a drop of over $ 40 per tonne from the start of the season last October.

As reported
THE NATIONin the country due to the decline in soybean, income losses from
between $ 1,000 and $ 3,000 million and a drop in collection for source deductions of more than $ 600 million.

"A soybean of 290 US dollars (yesterday in Chicago, 290.64 dollars per ton) does not withstand this level of retention, it must be put on the table and see if other sectors can make an extra effort , as we have done the agro-industrial sector ", Gustavo Idígoras, president of the Chamber of the Petroleum Industry and Cereal Exporters Center (Ciara-CEC), told FM Led.

Idígoras added: "The Sino-US trade war and the Argentine fiscal policy take the country's record harvest (between soybeans, corn and other cereals), Argentina would achieve according to the government a record 145 million tons) ".

According to the calculations of producer Néstor Roulet, at current prices with soybean production located 300 km from the ports of Rosario and paying 12 quintals of rent, the gross margin of the harvest (before taxes) is negative at 130 dollars per hectare to 3000 kilos of yields. With a yield of 3,500 kilos per hectare, it remains red at $ 35 per hectare and recently moved into positive territory, at $ 80 per hectare, with a production of 4,000 kilos per hectare. According to Roulet, although at the beginning of the campaign, the producer of the rented sector had to leave 3,000 kilos to do so, he now had to obtain at least 3,600 kilos.

For Dardo Chiesa, president of Confederaciones Rurales Argentinas (CRA), before the current context of retentions "we must discuss it".

"If soybeans are to have a full impact on the Sino-US dispute and its price falls below historic price, the rights should be discussed," he said.
THE NATION. He added that while other products have a maximum of 12% (with the $ 4 per dollar diet), soy is "much more loaded". Strictly speaking, apart from 18% of the cases are solved.

From the Argentine Agrarian Federation (FAA), they claim to see "with concern" the drop in prices and believe that they should talk about withholding taxes.

"If these values ​​continue to be complicated for small producers, it's not the same thing to talk about soybeans at $ 200 (in the local market) as before, and at least we need to discuss them ( This scenario with lower values ​​and the dollar system for peso (exported) will increase the contribution of the field, "said Carlos Achetoni, president of the FAA.

In this context, Achetoni also asked for support so that producers can take advantage of the opportunities that open up in China with the opening of this market for Argentine pork.

"If there are no financing tools, it will be a possibility for some," said Achatoni.
THE NATION.

According to Carlos Iannizzotto, president of Coninagro, the good results of this campaign have made it possible to limit losses.

"If the producers are not flooded, the cereals have some profitability, but much less than what we thought at the beginning of the campaign." These days, "he said, warning:" A producer with a rented field is losing money today, unless the inputs have been paid for or financed in pesos.