The income of dollars from agriculture jumped 23% monthly in April, but the first quarter closed with a drop of 11%

In this way, the sector contributed US$ 463 million more than in the previous month, as a consequence of the entry of soybeans into the commercial circuit and the excellent export performance of the corn and sunflower complexes.

Nevertheless, The result of the first quarter closed with an 11% drop in dollar income, to position itself at US$ 7,667 million.

In this regard, the president of Ciara-CEC, Gustavo Idígorasexplained that this drop “is due to the effect of foreign exchange advance from last year, when withholdings were suspended“.

That occurred until March and April already liquefied it, with a minimum drop of 1% year-on-year, basically the same as last year. Starting in May there will surely be a recovery and we will end up surpassing last year’s records“.

The monthly jump is explained from the good performance in exports of mostly corn and sunflower complexesto which was added in recent weeks the arrival of a large number of trucks loaded with soybeans at the ports.

With the progress of the oilseed harvest, between Monday and Thursday of last week they entered the port terminals of Rosario and surrounding areas. 23,056 trucksof which 16,026 correspond to soybeans.

This jump is considerable, since it went from an average of between 3,000 and 4,000 trucks per day loaded mostly with corn in the previous weeks to more than 6,000 per day.

According to estimates from the Buenos Aires Grain Exchange (BdeC), exports of the oilseed complex could reach US$21,258 millions, I predict that if it comes to fruition it would represent an increase compared to the previous cycle of 2.86%, equivalent to about US$591 million more.

The main increases would come from shipments of by-products, such as flour and oil, to the detriment of unprocessed beans. In this sense, flour exports are expected for US$ 9,941 million (+ US$ 1,667 million); oil for US$ 7,670 million (+ US$ 652 million); and biodiesel for US$ 448 million (+ US$ 5 million).

In contrast, a strong contraction is expected in bean shipmentswith a drop of 35% compared to the previous campaign. In total, revenues are estimated at US$3,199 million, which implies a loss of US$1,733 million.

As for the cornthe pace of shipments between March and April reached historic levels, indicated the Rosario Stock Exchange (BCR).

According to the entity’s estimates, In these months, 10.3 million tons were shipped, 54% more than in the same period of the previous cycle and 3.7 million above the average of the last five years. The data is not minor: never before had more than 5 million tons been exceeded in a single month.

For its part, the Ministry of Agriculture, Livestock and Fisheries foresees a cereal production of 67.6 million tons nationwide. This volume, added to an initial stock of 3.7 million tons, allows the agricultural portfolio to be projected exports of 44 million tons in the current commercial cycle. Of the total produced, it is estimated that 18 million tons will be destined for animal consumption and 3.3 million for industry, while the final stock would be around 6 million tons.

On the side of sunflowerthe sworn declarations of foreign sales in the first four months already contemplate exports exceeding one million tons. The total projection for the campaign is 1.1 million tons, which implies quintupling the volume of the last campaign and more than tripling the average of the last five years.