The grain market consultant, German Iturrizaevaluated on Channel E the latest economic measures that directly affect agriculture, with particular attention to the permanent reduction in withholding taxes recently announced by the Minister of Economy Luis Caputo.
Germán Iturriza explained that Luis Caputo’s announcement was unexpected. “It’s always a surprisebecause, firstly, no one warns when the rules of the game change, because when they warn, Obviously no one has done anything before“, he explained.
The government is sticking to the idea of completely abolishing agricultural taxes
However, he emphasized the symbolic value of the decision: “We continue to send signals that indicate that we are at least continuing on the path.” the will and intention to further reduce export tariffsHowever, he warned that the practical implications were limited: “They are 8 dollars in soybeans they are 4 dollars in wheat and 2 dollars in the corn.”
As developed by Iturriza, the local pricing structure is still distorted by the 0% retention foreign sales affidavits prepared in September. “Until these DJVE are adjusted to 0%, We will not have a transparent price in the local market“, he explained.
There is no specific scope to remain competitive in 2026
He also emphasized that the central axis of the debate must be competitiveness: “The big question is: How will we become competitive by 2026?” In addition, he reiterated that the government does not intend to generate benefits through the exchange rate: “We will not create competitiveness artificially The devaluation of the currency is the signal they give you.”
In this context, the interviewee warned of “the major challenges” of internal costs. Below is a key question: “The freight traffic is really impressivethe impact it has on the product.” He also pointed out that gross income is “one of the biggest distorting taxes.” that deserve to be checked“.
He then explained that the producer needed financing: “The agricultural producer You must be able to meet and finance all your obligations in 2026 yourself and in this way focus on production and look for more space.”
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