Argentinian farmers have sold 4.8m tonnes of soybeans since preferential exchange rates

Foreign media news on December 25: The Buenos Aires Exchange (BCR) said that since the implementation of the second round of soybean preferential exchange rates on November 28, as of December 21, Argentine farmers have sold 4.83 million tons Soybeans, of which the new sales volume was 3.14 million tons, and the transaction volume of forward contracts was 1.58 million tons.

The Argentine government has provided a temporary preferential exchange rate of 230 pesos for soybean sales, which will last until the end of this year. The government hopes the move could attract $3 billion in foreign exchange earnings.

During the first round of preferential exchange rates implemented from September 5 to 30, farmers sold soybeans worth US$8.1 billion.