You are currently viewing The EU opens the doors to Argentine grains

What was not achieved for decades through institutional and diplomatic channels to reach trade agreements by opening new overseas markets, is now being imposed by the war over Russia’s invasion of Ukraine, given the lack of inputs from the attacked nation, a traditional supplier. Argentina is the main alternative and France and Spain ask the European Union not only to open this new import channel but also to accept genetically modified grains.

The Spanish Confederation of Manufacturers of Compound Feed for Animals specifically asked to import cereals from Argentina, the United States and Canada, pointing out that 7.5 million tons of corn are available in our country, to which another 15 will be added by the end of this month. ,4 and 100,000 tons of sunflower seeds, sufficient quantities to cover the Spanish industrial needs of the item.

France, which did not agree to negotiate with Mercosur, is now looking favorably on South American possibilities to replace imports from Ukraine, the world’s fourth largest food producer. The president of the attacked nation, Volodimir Zelenski, prohibited foreign sales of wheat, rye, barley, millet, sugar, salt and meat until the end of the year due to the humanitarian situation.

Due to the improvement in international prices, Argentine agricultural sales will exceed 40,000 million dollars despite the drought, with US$ 2,800 million more than last year’s exports, according to the Buenos Aires Cereal Exchange.

This is worth a reflection in the face of the ideological enemies of the rural producer. The Argentine countryside, in addition to bringing the genuine dollars that the country’s economy needs, last year contributed some 15,000 million US dollars in taxes to the national State and now, thanks to improvements in international prices, it will contribute US$ 16,053 million for withholdings and other tax charges.

The European demand for food must be managed very well politically to reach agreements beyond the situation, manage to raise barriers to genetically modified crops, and prevent a favorable external scenario from having a negative impact on domestic food prices, with higher inflation.

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