Give them preference! ๐
Apr 10, 2023๐ฆ๐ท To exchange rates, we mean! Argentina, the world's top exporter of processed soy and third biggest corn exporter, has suffered its worst drought in decades. So declining soybean yields have deprived processors of the soybeans needed to make soybean meal, and the value of dollars from the country’s farm exports fell by nearly 59% in March compared to the same month last year.
• Since crop exports are a critical source of foreign currency for Argentina, the government has said that it would launch a preferential exchange rate to stimulate soybean exports. Click here for more information.