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 …
Businesses are still monitoring day-to-day politics in Brazil with “strong concern” after the attempted coup in the neighboring country –Argentina’s main trading partner. The main business unions in the country quickly spoke out condemning the attack on the institutions. Their fear is that the political crisis could mean …
Next week, the financial team will contact Argentina’s trade union federation, the General Confederation of Labor (CGT), to start drafting a wage round plan for this year with a hike barely above the 60% projected inflation set in the 2023 budget. Designed by minister Sergio Massa, the government …
Once official statistics are released, they will confirm that 2022 ended with record exports, which exceeded US$100 billion. Prices influenced this phenomenon, but so did the quantities. Agriculture, industry, energy, the knowledge economy and mining were key drivers that could continue to improve their performance in 2023. Thus, …
The former CEO of Syngenta for South America, Antonio Aracre, will serve as chief presidential advisor starting February 1. After working for 36 years in the agribusiness company, Aracre decided to retire from the private sector and “dream about new challenges,” he tweeted last October. Yesterday, Aracre met …
Argentine stocks managed to consolidate their recovery and produce all-time profits in 2022. The S&P Merval index accumulated an increase of 42% in dollars through the year. This happened despite the prevailing volatility on Wall Street, as global equity assets were affected by the US Federal Reserve’s harder …
It seems restrictions imposed by the government on meat exports are rapidly becoming obsolete due to the progressive easing of the established quota. That resulted in a recovery of shipments, which look set to reach 900,000 tonnes by the end of the year – in other words, a …
In 2022, Argentine wines gained international recognition for their high quality once again. Wineries launched new products and the process of boosting regional producers was accelerated with new establishments apart from the classic Cuyo winemaking provinces, in non-traditional parts of the country such as Buenos Aires province. But …
