Soybean production revised downwards by 4 million tonnes and maize cut by 3 million

The government expects an additional US$4 billion inflow from regional economies until the end of August

Some anticipate better competitiveness, but others say it isn’t enough

Designed to help accumulate crucial currency reserves, the special exchange rate will apply to soy and other agricultural products

Inflow of farming dollars is expected to be less than US$3 billion in the first quarter, the lowest in 16 years

The government expects to collect some US$15 billion amid a drought and an international reserve shortage

President says Biden promised to help “build a bridge” to allow Argentina to recover from drought and impact of Ukraine war

Rosario Grains Exchange estimates that extremely dry conditions will clip the country’s gross domestic product in 2023 by $19 billion.

Other industries want in on the special exchange rates after new “Malbec” dollar follows “soy” dollar