Devaluation of the Argentine currency – Advantages for the Foreign Client
The Argentine currency is a victim of the devaluation due to the great demand of savers and they favor the prices of Agrocommodities to strategically lower costs
🌱 FOB USD 441 ↑ ton GMO
🌱 FOB USD 635 ↑ ton NON GMO
Soybean, corn, wheat, sunflower exist in Argentina with large stocks
Wheat begins its harvest in October 2020, lasting until February 2021
Sunflower oilseed will be available in December 2020 through February / March 2021.
Corn and soybeans there are production stocks that exceed the previous harvest season but the productive situation in the United States pushes the USDA to report bad probabilities of important quantities
This situation pushes prices up without a ceiling
The agro-producer and exporter market in Argentina is benefited by these factors of competitive markets and the strong devaluation of the Argentine peso
The virtues as a whole point to large demands for grains and by-products applying commercial strategies that generate large reductions in export prices, but generating large revenues for exporting companies.
The global agro-production industry is affected this year 2020 by a pandemic and attacks by climatic agents and the lack of access to basic foods worldwide.
GRAIN Trader Argentina Corp
Ministry of Agriculture, Livestock and Fisheries Argentina
|GRAIN QUOTES Law: 09/10/2020|
We can receive letters of credit MT700 +5% or SBLC -5%