The International Monetary Fund (IMF) is due to announce this week the outcome of the renegotiations with the Argentine government to reformulate a financial aid agreement to the country. At a United Nations (UN) general assembly, President Maurício Macri avoided commenting on the 24-hour general strike that affected virtually every public service in the country. According to Vlamir Brandalizze, an analyst at Brandalizze Consulting, the crisis in the neighboring country should help the Brazilian producer. According to him, Argentina is a major food supplier, such as soya, wheat, corn and meats, and all segments Brazil participates. In addition, according to him, with some adjustments to the rules of the IMF, the Argentinean producer will be penalized, with less investment in the crop that will be planted and increase of export rates. “In this scenario, the rural producer there will have lower income because the soya export tariff increased by 28%. With this, the farmer could lose a third of the revenue to the government. The crop, which could reach 57 million tons, is expected to fall to 50 million tons, which could bring Chinese demand to Brazil”, he explains.
Src.: Canal Rural