Foreign Exchange Allocation Challenges and Strategic Reserves in Feed Imports: Warning from the Feed Grain Importers Union

Currently, the country’s soybean meal reserves are sufficient for the next two months at most, and ships carrying this commodity are waiting for allocation and payment of foreign exchange for unloading. The situation of oil reserves is also not very favorable. In contrast, the situation of corn reserves is reported to be relatively good, and with regard to barley, hopes are focused on the domestic harvest.

The lack of efficient management of input imports is rooted in unclear and multiple foreign exchange policies that are not directed through a single channel. The phenomenon of bartering oil for essential commodities has also added to this chaos, as these exchanges are not transparently recorded anywhere and some bartering companies, at their own discretion and without considering the country’s real needs, import excessive amounts of profitable goods, disrupting the market balance.