Industry

Due to the exchange control of the dollar, agriculture could lose $1.2 bn from the wheat harvest

An exchange rate split means that the producer will end up paying one CCL dollar (115 pesos), MEP (107 pesos) for his productive inputs, that is, a dollar two to three times higher than what he is receiving for his production (46 pesos for soybeans). It means that 6.8 million hectares must be planted with low production technology, and 6.8 million tons will be lost, valued $1.16 billion. In the territory of Buenos Aires that produces 60% of wheat in the country, the price increase of the technology package will cause a fall of about $400 million.

Source: Infobae