Extreme temperatures sparked by global warming have exacerbated the impact of a historic drought on Argentina’s agricultural production, according to young scientists from several countries who participate in the academic initiative, World Weather Attribution. Argentina, a key global provider of food, has suffered from a series of heatwaves …
Recent rains brought some relief to parts of Argentina’s agricultural regions, but the risks are far from over. The agriculture sector’s export revenues are expected to fall to $33.39 billion.
The local grain futures market is already assuming that the government will launch a renewed soy dollar in July, or another mechanism to speed up the entry of fresh dollars. It comes as drought continues to reduce soy harvest forecasts, with the liquidation of foreign currency for the …
This year the agricultural industry will export US$13 billion less than in 2022, mainly due to the ongoing drought, Foundation for Agriculture Development (FADA) has found. Moreover, the Rosario Stock Exchange reported that corn crop projections fell by 15% while soybean harvests were down by 7%. According to …
The Agriculture Secretariat will launch a 10% discount for people who pay with debit cards in butcher shops as beef prices surge. The new measure will be launched in the following days, and businesses that adhere will receive a special card reader, according to sources in the Secretariat. …
Rainfall over the past few days has improved the conditions of planted soybeans and corn, especially in plantations that were sowed later. The development makes for welcome good news considering that both crops represent more than US$30 billion in exports and that the oilseed by itself brings in …
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 …
