As a result of the drought, the drop in international prices and lower grain sales, the settlement of foreign currency in January closed with a cumulative amount of only US$928 million, which marks the worst record since 2007 and a 61% drop year-on-year. The economic challenge going forward …
The government will launch a AR$5 billion relief fund for farmers who took considerable losses amid a historic drought, Economy Minister Sergio Massa announced this Tuesday. According to Rosario’s Stock Market (BCR), losses – a product of what is considered to be Argentina’s driest recorded summer – could …
According to data released by the National Statistics Institute (INDEC) this week, economic activity showed signs of cooling off in the last part of 2022, as it contracted in November for the third consecutive month in the seasonally adjusted series. In any case, according to private projections, the …
The rains that have fallen in recent days have brought (some) relief to farmers, especially in the core production zone, which needed to improve its soil moisture profile in order for agricultors to finish the soybean and corn planting work and to facilitate good crop development. But not …
Liaison Board (Mesa de Enlace) leaders have been demanding a meeting with Economy Minister Sergio Massa for weeks, and he will finally see them today at the INTA (National Institute of Agricultural Technology) Experimental Station in the city of San Pedro, in Buenos Aires province. The meeting will …
The 2022/2023 farming season will be a sad memory for thousands of agricultural producers. Although people already knew it would be a tough season, reality has surpassed the most pessimistic forecasts: production estimates to this day are half the projections from the beginning of the farming cycle. The …
A Brazilian trade group representing global grain merchants on Thursday confirmed “atypical” sales of Brazilian soybeans to Argentina after rumors about unusual cargos being booked at this time of the year. Anec, which represents firms like Cargill and Bunge, said that Brazilian supplies are needed after a spate …
The effects of the drought in the 2022/23 farming season will be one of the greatest challenges for the Argentine economy this year. The latest projections from the Buenos Aires Stock Exchange anticipate that exports from the main grain complexes could fall by between US$9.2 billion and US$14.1 …
The drought affecting over half of Argentina’s national territory means agricultural production levels this year will be lower than the 2021/2022 season and below the five-year average, especially for wheat. That is the warning in a report from the Grains Exchange, which said the 2022/2023 season is characterized …
