Friday
October 24, 2014
Monday, February 3, 2014

Capitanich warns sanctions could be imposed against agricultural producers

The government does not rule out fining agricultural producers who refuse to complete liquidation of their gains as they await a much convenient dollar price.

In a press conference today, Cabinet Chief Jorge Capitanich stressed the government has got the power to implement fines “in order to generate the conditions to preserve the interests of Argentines.”

"The main problem of the development of the Argentine economy is that those who amass foreign currency are not assigning it to the productive market,” he said. “The small and medium producer does not speculate, because he liquidates as soon as he produces to go on working,” he explained, adding that, on the other hand, big businesses “are able to keep the harvest.”

The chief of staff indicated the government “cooperates for the agricultural sector’s profitability” through several benefits, and asked “all those who have the responsibility of liquidating exports to do so with solidarity towards the Argentine people.”

Capitanich along with several government officials is scheduled to meet later today with representatives from grain companies to “coordinate expectations and establish mechanisms of currency liquidation.”

To conclude, Capitanich confirmed “meat business leaders are committed to take back prices to last week’s values.”

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Capitanich  Argentina  agriculture  producers  exports  





22
  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 4290 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA