LatinNews Daily - 02 November 2022

In brief: Argentina’s agricultural exports down in October

* Argentina’s agricultural exports totalled US$1.22bn in October 2022, representing an 85% fall on the previous month, according to the Cámara de la Industria Aceitera de la República Argentina (Ciara) and Centro de Exportadores de Cereales (CEC), chambers representing oilseed producers and cereal exporters. In a joint press release, Ciara and the CEC announced that in October, the value of exports in the sector also fell 49% compared to the same month of 2021. Ciara and the CEC attributed the fall to the ‘soy dollar’, a preferential exchange rate introduced for soybean farmers in September in a bid to boost exports and increase foreign currency reserves. Between January and October 2022, exports in the sector totalled US$35.034bn, representing the best year since records began, according to Ciara and CEC.

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