More dollars arrive: the agricultural sector accelerated export sales, rising 32% year-on-year in April.

The agricultural sector accelerated its export sales, reaching US$2.524 billion in April, representing a year-over-year increase of 32% and 34%, according to reports from the Argentine Oil Industry Chamber (CIARA) and the Center for Cereal Exporters (CEC).

Thus, the cumulative total for the first four months shows a 35% improvement compared to the same period last year.

"The inflow of foreign currency in April is the result of the reduction of export duties under Decree 38/25, a new exchange rate regime that impacts the grain market. with export sales, as well as the start of the soybean harvest in the last days of April," the entity indicated.

It's worth remembering that a reduction in export duty rates for grain is currently in effect until June 30.

"The monthly inflow of foreign currency, converted into pesos, is the mechanism that allows us to continue purchasing grains from producers at the best possible price," CIARA-CEC said.

The report clarifies that "in this sector, statistical comparisons between different periods are generally imprecise or inaccurate, since the settlement of foreign currency is strongly influenced by the grain trade cycle, which depends on various and changing exogenous factors."

These include "international price fluctuations, supply contraction, varying crop volumes and protein values, weather conditions, holidays, union strikes, regulatory changes, tariff and non-tariff barriers from abroad, phytosanitary or quality requirements from other countries, etc."