In Chicago, the oilseed closed at $477.1 a ton, its highest value in six and a half years and represented a 58% rise from its March low this year. In just over eight weeks the total harvest, adding wheat, maize and soybeans, rose by about $5 billion. In this framework, the foreign currency generated by the agroindustry may become the ideal lifeline for the Argentine economy in 2021, considering that with the scenario of an estimated income of $29 billion, a growth of 35.4% compared to the $21.43 billion estimated by the Rosario Stock Exchange for 2020.
During the third quarter, the recovery observed with orders doubling from the second quarter placed 38% of industrial SMEs in a situation where they could not immediately meet demand. The study points out that this situation warns of the deterioration of physical capital, the difficulty of reactivating all the personnel, and the insufficiency of these companies' working capital.
Cervecería y Maltería Quilmes reported the export of its traditional Quilmes Clásica in the Scandinavian countries, providing direct coverage of its product to Denmark, Norway, Finland and Sweden. To date, around 50,000 bottles have already exported, and during 2021, it expects to ship approximately 120,000 bottles. During 2019, the company exported more than $300 million.
Finally, there was an agreement between the oil unions and the agro-export companies, and lifted the strike in the ports at 6 am this Wednesday. The strike in the Argentine ports caused a sharp rise in grain prices on the Chicago Market. So far, 173 ships are waiting to load nearly 4.7 million tonnes of grains, oil and soy flour for over $2 billion. As of December 16, only 38% of the 1.7 million tons of corn scheduled for whole December shipped.
In October of this year and the midst of the coronavirus pandemic, the government launched a package of economic measures that included a temporary three-month ban on exports from the soybean complex. This reduction ends on the last day of 2020 and will not renew.