President Javier Milei encouraged farmers on Argentina’s Pampas to seize the moment Monday and sell their soybeans now after he eased currency controls, which weakened the peso by about 12 percent on official markets. Farmers are starting to harvest their soy crop, worth billions of dollars in export revenues that Milei desperately needs at the Central Bank. But, so far, they have traded it at a crawl: forward-selling is the slowest in decade, the Rosario Board of Trade said.
April 14, 2025
SOURCE: BUENOS AIRES TIMES
Milei tells Argentina’s farmers to sell soy now as peso slides 12%