Argentine agricultural companies will hold a meeting with the new government, the source informs

Maximilian Heath

BUENOS AIRES (Reuters) – Argentina’s agricultural export companies will hold a meeting late on Tuesday with members of ultra-liberal President Javier Millay’s government after announcing a series of expected economic measures, a source in the grain export sector said. and derivatives.

Argentina is a major global food supplier, and its agricultural export complex, which includes extensive grain and dairy enterprises, is the country’s main source of foreign exchange.

Millais, a libertarian economist, took office as Argentina’s president on Sunday and faces a bleak economic outlook: negative net foreign exchange reserves, triple-digit annual inflation and a weak local currency.

A source in the agri-export sector told Reuters that industry representatives would hold a meeting with the government later on Tuesday.

The meeting between the parties will take place after the new government makes its first economic announcements, which include a deep budget adjustment. Markets are also expecting a devaluation of the Argentine peso.

(By Maximilian Heath)