ASSUMPTION. The president of the Union of Manufacturing Guilds (UGP), Héctor Cristaldo, highlighted the efficiency of the rural sector right through 2024, regardless of the demanding situations imposed via climatic elements and the low value of commodities, particularly soybeans.
In line with Cristaldo, this 12 months used to be sure for soybean manufacturing, attaining a complete quantity of 10.6 million lots within the 2023-2024 marketing campaign. This success took place even though the typical value of the oilseed remained at US$340 in step with ton, beneath earlier years.
The soybean sector demonstrated its power within the world marketplace, managing to export 7.7 million lots between January and October 2024, even surpassing the document established in 2020. Those shipments generated source of revenue of US$ 3,073 million for the rustic, consolidating the soybeans as the primary Paraguayan export product.
“The Argentine marketplace is vital for us, because it absorbs 87% of soybean exports,” stated Cristaldo in an interview with radio station 680 AM.
Cristaldo highlighted the relevance of soybeans within the technology of foreign currencies, explaining that, of each US$4 exported via Paraguay, US$3 comes from the rural sector, with the oilseed being the most important contributor.
In spite of the difficulties, the efficiency of the rural sector reaffirms its function as a pillar of the Paraguayan financial system.
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