El Dia reports on agricultural produce lower prices and its effects on Bolivian producers:
The productive sector expressed on Friday, November 18 concern about the volatility of the prices of grains like soybeans, corn and wheat during recent months, which means losses and disincentives for farmers.
Soybeans and wheat. The President of the Association of producers of oil and wheat [ANAPO], Demetrio Perez, reported that from June of this year soybean prices decreased to $100, on the stock exchange of Chicago and Rosario; while last year’s (mid-year), was between $430 and 450. However, now the prices dropped to $320.
However, according to Pérez, in the summer campaign which closed in June, prices at the domestic market reached $420, while for this winter it is expected to close by December to only $320.
“This volatility causes us delays in investments and complicates our situation because in addition to confront low prices now and restrictions on exports, we also had low yields in crops,” said the leader of the producers; he also said that wheat prices have also been low in recent months.
Corn. Also, the price of corn, a grain that serves as food for chickens, whose meat is mass consumption, reported a decrease in the last six months, as reported by the Association of producers of maize and sorghum (Promasor).
The price of this product is not governed according to the international prices, but to the supply and demand in the internal market. In that sense there is now an oversupply, that is why the price has fallen to $1.5 the quintal.
The month of June it was marketed at a price of Bs70 and Bs78 the quintal; now it’s listed in Bs62.
This week, the problems of the countries of the euro zone continued to have an influence on the agricultural market in Chicago, where operators are also concerned by the demand for American grains.
Current government cannot isolate our economy, it didn’t work in Albania, it will not work here, so those unjustified and ill-advised ban on exports should be lifted once and for all!