20.03.2024
The chronicler

Alert for foreign currency inflows: few sales at prices and financing against deals to be fixed

While this year's main crop harvest is expected to be very good, especially after last week's rains, this won't necessarily translate into the foreign currency and export tax revenue that many economists anticipate. Prices have fallen sharply since last November, reaching levels where profitability is at risk, and producers will try to cover their financial needs with borrowed capital, leaving sales—especially of soybeans—until the end of the season.

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