Bloomberg Article on Argentina today.......

[Caribbean Cool]

Milei Needs Rush of Soy Dollars to Calm Peso Selloff in Argentina​

 

[steveinbsas]

Milei Needs Rush of Soy Dollars to Calm Peso Selloff in Argentina​

This link appears to have a paywall, but at least it links to the headline of the previously mentioned article;

https://www.bloomberg.com/news/articles/2025-04-09/milei-needs-soy-export-dollars-to-calm-peso-selloff-in-argentina#:~:text=Marcelo%20Cervigni%2C%20like%20thousands%20of,country's%20spiraling%20foreign%2Dexchange%20deficit.

 

[carride]

What he needs is to lift the cepo so the soy farmers, and all exporters, do not get cheated out their earnings by a government using the false offcial exchange. Converting exports dollar sales into official pesos is 25% less than the blue-swap true market. GDP will not grow with that harsh penalty for producing products. Instead the goverment could better tax the wealthy who pay much less on their easy passive income.

Milei Needs Rush of Soy Dollars to Calm Peso Selloff in Argentina

Marcelo Cervigni, like thousands of Argentine farmers, is getting ready for the main event of the year: the soybean harvest. The timing couldn’t be better for Presi…

financialpost.com

 

[FrankPintor]

What he needs is to lift the cepo so the soy farmers, and all exporters, do not get cheated out their earnings by a government using the false offcial exchange. Converting exports dollar sales into official pesos is 25% less than the blue-swap true market. GDP will not grow with that harsh penalty for producing products. Instead the goverment could better tax the wealthy who pay much less on their easy passive income.

Milei Needs Rush of Soy Dollars to Calm Peso Selloff in Argentina

Marcelo Cervigni, like thousands of Argentine farmers, is getting ready for the main event of the year: the soybean harvest. The timing couldn’t be better for Presi…

financialpost.com

Right, but that's why soy export taxes were reduced for the first half of this year: https://www.batimes.com.ar/news/eco...duce-export-duties-in-boost-for-farmers.phtml

Though the "campo" is clever, there will possibly be no movement until just before the deadline, and maybe not even then. Still, they can't hang on to the beans forever.

 

[FrankPintor]

Well, it looks like Milei got everything he wanted: https://www-infobae-com.translate.g...uto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp