AGRICULTURE & ECONOMY Soybean crushers strike just as harvest gathers pace 29-04-2024 17:54 Workers at soy-processing plants have gone on strike just as farmers are collecting the crop.
AGRICULTURE & ECONOMY US green fuel push threatens Argentina’s main export market 14-03-2024 15:56 Biden administration’s landmark decarbonisation plan has the potential to cause tectonic shifts in global agricultural markets – and deal a damaging blow to Argentina’s troubled economy.
AGRICULTURE & ECONOMY Bumper Argentina soy, corn crops forecast to get even bigger 26-01-2024 14:43 This year's soybean and corn harvests in Argentina may be even bigger than previously thought.
AGRICULTURE & ECONOMY Argentina's best soy crop in five years set to be boon for Milei 11-01-2024 16:59 Argentina is on course to produce its best soybean crop in five seasons – 52 million metric tones.
AGRICULTURE & ECONOMY Argentina pushes to get out of farming time warp with better GMO seeds 05-01-2024 13:58 New government is seeking to make its decades-old rules governing patented seed technology fit for the modern era.
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.
AGRICULTURE & ECONOMY Argentina running out of soy adds to next president’s economic woes 16-11-2023 19:05 After the worst drought in six decade, farmers are running out of the very commodity that fuels Argentina’s economy.
ELECTION 2023 Fed-up farmers lean towards outsider Milei 14-11-2023 15:38 The countryside, one of the prime engines of Argentina’s economy, is arriving to the presidential run-off full of uncertainty.
Election 2023: the rural vote On the pampas, farmers are all in on Milei 10-11-2023 13:06 Argentina's agriculture industry — which accounts for 20% of gross domestic product — portrays the coming election as existential. And the preference of many rural producers is Javier Milei.
Agriculture Vicentin at risk if US$1.3-billion rescue deal rejected 03-11-2023 17:23 Vicentin SAIC, which has been battling an Argentine court to get the plan approved, would struggle to survive if its US$1.3-billion rescue deal is rejected.
AGRICULTURE & ECONOMY World's largest crop trading houses tell Argentina to loosen its grip on soy 27-09-2023 12:43 Officials from three of the world's largest crop trading houses have urged Argentina to loosen government restrictions and export taxes on soy production.
AGRICULTURE & ECONOMY 'Soy dollar' back with 25% foreign currency available to exporters 05-09-2023 12:17 Fifth edition of the 'Export Increase Programme' this time does not include unique exchange rate; Applies to exporters from last 18 months; Details of the new decree and the sector's reaction.
Agriculture Drought slashes 2022/2023 soybean production by 51.5% 04-07-2023 16:56 Impact of punishing drought on Argentina’s crops laid bare as new report reveals soybean production came in at 21 million tons – less than half of last year’s harvest.
AGRICULTURE & ECONOMY Bunge-Viterra deal likely to face Argentina anti-trust scrutiny 14-06-2023 08:04 Bunge's deal to buy Viterra will create an agriculture giant that’s likely to face anti-trust scrutiny in Argentina, the world’s largest exporter of soy products.
FINANCIAL TURBULENCE Massa rejects devaluation speculation as peso sinks 22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.
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.
AGRICULTURE & ECONOMY Argentina's maize and soybean harvest forecast trimmed again 11-04-2023 18:12 Argentina's soybean and corn production will be lower than previously thought due to drought, predicts US government, as it lowers forecasts for soybean crop to 27 million tons and maize to 37 million tons.
EXCHANGE RATE SCHEME Governors push back on criticism of Massa’s ‘dolár agro’ scheme 06-04-2023 19:27 New plan offers a rate of 300 pesos per greenback for agro-industrial exports; Governors push back from criticism from agricultural producers.
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.
POLITICS & ECONOMY Mixed reaction as Massa looks to boost reserves with ‘dolár agro’ rate 06-04-2023 01:09 Economy minister unveils Programa de Incremento Exportador, otherwise known as a third incarnation of the ‘soy dollar’ scheme; New plan will offer a rate of 300 pesos per greenback for agro-industrial exports and introduce automatic benefits for producers affected by drought.
DOLAR AGRO Argentina rolls out special exchange rate to prop up reserves 05-04-2023 19:16 Argentina will once again introduce a temporary exchange rate for soybean exports and other products in an elaborate attempt to shore up dwindling Central Bank reserves amid a devastating drought.
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.
Agriculture Argentina soy crop forecast slashed to smallest on record 20-03-2023 10:51 Buenos Aires Grain Exchange slashes soy crop forecast to 25 million metric tons, potentially the smallest harvest since it began keeping records in 2001.
DROUGHT Argentina’s worst drought in memory lands new blow to economy 09-03-2023 13:36 Gross domestic product in South America’s second-largest economy, which desperately needs US dollars, will shrink 3 percent this year, worse than the previous forecast for a 1.5 percent contraction, as one of the worst droughts in recent memory ravages crucial farm exports.
Agriculture Soy climbs as USDA slashes Argentina's crop estimate by 20% 08-03-2023 21:23 Maize and soybean crops in Argentina are in even worse shape than previously thought, according to US estimates.
BLOOMBERG - ANALYSIS Four economic alarm bells sound in Argentina 08-02-2023 22:31 Argentina’s economy received a wave of bad news this week, worsening an already dire economic outlook ahead of presidential elections this year.
AGRICULTURE & ECONOMY Report: Losses from severe drought could exceed US$10 billion 20-01-2023 13:00 Economy Minister Sergio Massa meets with Mesa de Enlace to discuss the situation as soybean crop estimates are slashed; Agricultural losses for farmers expected to total US$10 billion, could knock two points off GDP this year.
AGRICULTURE Drought-busting rains come too late to salvage Argentina's soy 17-01-2023 16:31 Rains heralding the end of the devastating La Niña drought may come too late to prevent Argentina's soybean crop from withering.
Devastating Drought Satellites suggest Argentina’s soy crop will be lowest since 2018 12-01-2023 15:57 Extreme drought is devastating soybean crops in Argentina and could result in the smallest harvest in more than a decade.
Agriculture Government moves ahead with second run at ‘soy dollar’ scheme 28-11-2022 12:35 Dólar Soja 2: Government hopes to boost reserves by US$3 billion with a second run at agroindustry-aimed programme.
Central Bank reserves Argentina to brings back exchange rate that led to IMF exception 26-11-2022 08:01 Economy Minister Sergio Massa to revive 'soy dollar' currency measure to boost soy exports and prop up Central Bank reserves that generated backlash from the International Monetary Fund.
BLOOMBERG South America rain offers hope for relief in world food prices 15-11-2022 21:28 Rain finally fell in Argentina over the weekend and soy farmers started revving up tractors to make up for lost planting time.
AGRICULTURE Uruguay farmers fend off droughts with soy technology, CEO says 08-11-2022 11:11 Farmers in Uruguay are withstanding climate change through investments in technology to fight droughts.
Bloomberg China set to buy Brazilian soymeal to diversify supplies 05-11-2022 08:41 China is preparing to import soybean meal from Brazil as part of broader efforts to diversify sources of the animal feed ingredient, ease a near-term supply shortage and curb inflation risks.
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.
AGRICULTURE & ENVIRONMENT Third straight drought is upending key Argentine planting season 28-10-2022 14:39 A near-relentless drought is jeopardising soybean and corn growing in Argentina. The situation is so dire that the government needs to restrict shipments to ensure wheat-flour supplies at home.
HUNT FOR GREENBACKS Massa seeks more dollars, betting everything on 2023 07-10-2022 08:51 Relief from the government’s “soy dollar” twinned with concern because hoarding hard currency will not be so easy in the final months of the year; Minister on course to deliver fiscal deficit of 2.5% of gross domestic product, thus magnifying future political tensions and challenges for an electoral year.
Agriculture 'Soy dollar' exports boost Central Bank reserves by US$7.6 billion 01-10-2022 11:31 Sergio Massa's 'soy dollar' exchange rate prompts producers to sell more than US$7.6 billion in grains, boosting Central Bank reserves.
Bloomberg Drought, soaring fertiliser costs push Argentine farmers to grow more soy 22-09-2022 11:13 Farmers are grappling with a third straight year of withering drought ahead of the growing season, but this year they have a new strategy to beat it: plant soybeans.
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.
Agriculture Argentine soybeans flood market just as US harvests bumper crop 11-09-2022 10:04 Farmers rush to sell stockpiled soybeans this week after Argentina's government implemented a temporary devaluation of the peso intending to spur exports.
Agriculture Soy exporters race to exploit new ‘soy dollar’ exchange rate 07-09-2022 17:21 More than two million tons cashed in the first two days of Sergio Massa’s new scheme to boost Central Bank reserves.
MONEY MARKETS Introduction of ‘soy dollar’ leaves Argentina with seven exchange rates 06-09-2022 15:40 New 'soy dollar' rate, designed to boost exports and boost Central Bank reserves, unveiled by Economy Minister Sergio Massa; Following its arrival, there are now seven other exchange rates already operating in Argentina.
Agriculture Government creates new foreign exchange rate for soy exporters 05-09-2022 08:29 Argentina's government announces new special exchange rate for the country’s soy producers in a bid to incentivise exports and shore up Central Bank reserves.
BLOOMBERG China steps up soybean buying from US, Brazil, Argentina 01-09-2022 01:49 China is stepping up soybean imports to meet rising demand ahead of a seasonally strong period for consumption.
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.