date:Apr 25, 2013
Sales of Argentine soybeans are lagging this season due to expectations for higher world prices later and to domestic financial uncertainty that has prompted farmers to save in beans rather than pesos.
With world food demand on the rise, growers in the Pampas grains belt are filling their silos with soy rather than converting their crops into pesos, a currency that hit a new all-time low in informal trade this week.
Considering Argentina's high inflation, clocked at about 25 percent by private