Argentina's economy presents multiple distortions, primarily caused by a wide exchange rate gap directly impacting the incentives to produce and trade in and from the country.
And until just a few weeks ago, soybean - Argentina's main export commodity - was no exception to this rule. According to agricultural sector sources consulted by Bloomberg Linea, exchange controls caused a peak in grain smuggling out of the country in 2022.
In several of the productive areas of Argentina, the number of mechanisms through which the "blue soybean" was traded, that is, the commercialization of the commodity in a parallel and informal . . .
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