ECONOMIC INDICATORS Beef consumption fell to historic low in first quarter 16-04-2024 20:21 Beef sales hit a historic low in the first quarter of 2024 amid a heavy drop in consumption, falling to their lowest level in three decades.
CLEAR WAY FOR IMPORTS Milei government opens up food imports in bid to curb price hikes 12-03-2024 12:38 Argentina’s government orders full opening of food imports in an attempt to curb an inflationary spike and introduce more “competitive” prices.
OIL & GAS President's plan to free oil market slows in Congress 28-01-2024 10:08 At issue is the government’s ability to stop drillers from exporting cargoes of crude if it’s concerned about shortages at domestic refineries.
BOOKS & LITERATURE Is Argentina’s publishing industry at risk of extinction? 22-01-2024 08:05 The abrupt fall of demand from the domestic market, disproportionate increases of the price of paper and fuel, deferred payments in a context that is virtually hyperinflationary, the opening of imports and books on sale, the possible repeal of the Law for the Defence of the Book Industry, a lack of state purchases… a potent cocktail is attacking the entire ecosystem of Argentine books. by Gonzalo Santos
TRADE BALANCE Argentina reverses trade deficit after peso devaluation 19-01-2024 16:50 Trading balance was reversed in December, after the strong devaluation of the peso.
AGRICULTURE & ECONOMY Election result gives soymeal traders a new factor to weigh 20-11-2023 17:58 Javier Milei, who takes office December 10, has proposed dropping the peso and dollarising Argentina's economy. Such a move could boost farmer sales of soybeans, since they’d rather be paid in US dollars than a weaker local currency.
ECONOMIC INDICATORS Argentina's economy grew in July despite recession on horizon 27-09-2023 13:02 Argentina's economy broke a four month streak of decline in July, beating estimates and growing at 2.4%.
TRADE WOES Record trading debt: SMEs at risk of default 23-09-2023 05:13 Import debt has reached US$38 billion. Argentina’s small and medium-sized businesses (SMEs or PyMEs) face an increasing number of difficulties in paying suppliers due to restrictions to access the foreign exchange market. by Ludmila Di Grande
EXPORTS Brazil agrees export financing deal with Argentina 29-08-2023 14:15 Brazilian Finance Minister Fernando Haddad and Argentina's Economy Minister Sergio Massa announce agreement to fund Brazilian exports to the tune of US$600 million.
ECONOMY MINISTER ABROAD Massa’s trip to Brazil ends without deal on exports to Argentina 29-08-2023 10:00 Brazil had proposed using yuan reserves to guarantee payment; Haddad surprised by agenda unilateraly released by Massa.
FINANCIAL MANOUEVRING Brazil pitches plan to guarantee exports to Argentina in yuan 23-08-2023 15:56 President Luiz Inácio Lula da Silva’s administration searching for ways to aid Argentina amid its intensifying economic crisis, while also attempting to ensure Brazilian exporters are paid for sales.
NEW MEASURE Government suspends meat exports for 15 days 15-08-2023 17:04 Measure taken as talks with slaughterhouses and companies continue in wake of post-PASO devaluation of peso.
Lithium sector Argentina’s growing lithium industry hits export records 17-06-2023 13:50 Argentina's lithium industry hit a record high with exports rising to US$60 million in May, up 17% from the same month a year ago.
AGRICULTURE Argentina’s crisis-wracked economy needs rains now to save crops 23-05-2023 09:07 Farmers in Argentina need rainfall within the next three weeks to have any chance of emerging from a disastrous drought.
Alberto in Brazil Brazil to finance Argentina’s imports to relieve pressure on reserves 04-05-2023 01:14 Lula assures that he is seeking solutions to sustain Brazilian exports to Argentina and that he will be lobbying the International Monetary Fund (IMF) "to remove the knife from Argentina’s throat."
Alberto in Brazil Argentina and Brazil mull trade credit lines bypassing US dollar 03-05-2023 16:38 Over 200 Brazilian firms eye exporting in reais, not dollars; Lines would lift exports to Argentina amid its currency crisis.
BILATERAL RELATIONS Fernández and Lula meet in Brasília for trade and financing talks 02-05-2023 20:42 President Alberto Fernández met with Brazilian leader Luiz Inácio Lula da Silva in Brasília on Tuesday, with talks focusing on financing for imports and exports.
FOREIGN POLICY Fernández to seek fresh financing routes on trip to Brazil 30-04-2023 08:33 Alberto Fernandez will travel to Brasília on Tuesday seeking to capitalise on last week's talks with his Brazilian counterpart Luiz Inácio Lula da Silva.
AGRICULTURE & ECONOMY Brazil may surpass United States as world's number one corn exporter 21-04-2023 09:32 Brazilian corn production should set a new record in 2023, allowing the country to become the world's leading exporter of maize, ahead of the United States.
DOLLARS & RESERVES Government's bid to bring in dollars stumbles as peso falls faster 20-04-2023 15:09 Soybean exporters, who are temporarily allowed to sell dollars at a rate of 300 pesos per dollar compared to the official rate at 218, didn’t sell a single greenback Wednesday – the first day of no sales since the policy kicked in.
ECONOMY & AGRICULTURE Historic drought adds to Argentina’s economic woes 06-04-2023 15:26 Argentina's worst drought in almost 100 years is decimating critical soy, wheat and corn production, damaging the income of farmers, producers – and the government.
NEW EXCHANGE RATE Argentina debuts ‘Dollar Malbec’ to aid exports amid drought 31-03-2023 10:16 Economy Minister Sergio Massa confirmed Thursday he’s rolling out a temporary, subsidised exchange rate for wine and other agriculture products, dubbed the “Dollar Agro” or “Dollar Malbec” by the local press.
NEW RATE ON WAY Massa announces new 'dolár agro' exchange rate 30-03-2023 23:20 Argentina looks set to unveil yet another new exchange rate – Sergio Massa's new 'agro dollar' will be used for agricultural products and is another bid to boost Central Bank reserves.
BIRD FLU Some 260,000 birds killed by avian influenza in Argentina 09-03-2023 18:13 Some 260,000 birds, mostly chickens, have died in recent days in Argentina as avian influenza continues to spread among poultry.
BIRD FLU Government suspends all poultry exports after bird flu finding 01-03-2023 10:29 Argentina self-suspends export of all chicken products after Senasa health body confirms first positive case of avian influenza in industrial poultry.
WAR IN UKRAINE: ONE YEAR ON Argentina's trade with Ukraine and Russia down 40% since outbreak of war 23-02-2023 23:51 Trade with Russia and Ukraine has slumped by more than 40% since war broke out 12 months ago.
Beef Export Brazil suspends beef exports to China after mad cow case 23-02-2023 16:39 Brazil, the world’s biggest beef exporter, is halting exports of the red meat to China starting Thursday after confirming a case of the animal illness known as mad cow disease.
AGRICULTURE & ECONOMY Argentine grain harvests threatened by persistent drought 16-01-2023 17:53 Drought fears realised as Argentina loses half of soybean crop in main growing area; Experts warn that "economic losses will be substantial," with grain exports expected to slump by 21% in "best-case" scenario.
OPINION 2022: the errors of the economists 29-12-2022 02:31 The time has come to do what economists find so uncomfortable and what I find so useful: the annual balance sheet of predictions by Gustavo González
MEAT EXPORTS In Uruguay, an effort to save horses from foreign plates 28-12-2022 13:07 The Santuarios Primitivo NGO is doing its best to rescue horses in Uruguay, where slaughter of the beloved animals is increasing rapidly.
AGRICULTURE Agricultural producers count the cost of prolonged drought 04-11-2022 10:05 As much as 75% of agricultural land has been affected by drought, as a La Niña weather pattern persists and the effects of climate change intensify.
DIPLOMACY Indonesian Embassy in Argentina celebrates independence day 24-09-2022 13:43 Ambassador Niniek Kun Naryatie hosts traditional dance performance to commemorate the nation’s 77th anniversary. by Sam Forster
AGRICULTURE China scoops up cheaper Argentina soybeans as US harvest begins 21-09-2022 15:20 China, the world's biggest soybean importer, has greatly increased purchases from Argentina, just as US farmers begin to harvest their crop.
ECONOMIC INDICATORS Argentina's second-quarter economic growth surpasses expectations 21-09-2022 15:07 Economy grew more than expected in the second quarter of the year as rising commodity prices boosted exports.
AGRICULTURE Government eyes FX incentive for soy exporters in bid for dollars 01-09-2022 01:44 Government may introduce temporary exchange rate for soy exporters in September in a bid to boost its dollar holdings and Central Bank's cash reserves.
latin america Guatemala president warns millions could die as visits Ukraine 26-07-2022 16:34 Guatemalan president warns of potential deaths from “food crisis” caused by Russian invasion, in Ukraine visit.
EDITORIAL A motley crew – in the air and on the ground 18-06-2022 07:53 A Venezuelan cargo plane with mysterious Iranians is a random factor entering out of the blue for a government sinking ever deeper into the red, concealing as much as reflecting more substantial issues.
BLOOMBERG As rivals turn screws on mining, Argentina puts out welcome mat 11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.
ECONOMIC INDICATORS Exports soared to record high in March 21-04-2022 17:29 Argentina exported a record US$7.352 billion last month – 28.5% more than in the previous month.