The New Agro Dollar Finally, the government confirmed a new agricultural exchange rate – the “agro dollar” program, from which soybeans are excluded. The following products are subject to a higher exchange rate (340 ARS/USD) until 31 August 2023: corn, barley, sunflower, malt, and regional economies. For reference, the official exchange rate is around 271 ARS/USD, while financial dollars are at 530 ARS/USD, and the parallel market is at 540 ARS/USD. At the same time, the government imposed import taxes, with rates depending on the type of import: goods at 7.5 percent, services at 25 percent, and freight at 7.5 percent. Exceptions were made for essential inputs used in the production of goods included in the basic food ba...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.