The Economy Ministry, led by Sergio Massa, issued fines of more than US$1 billion in just one semester for maneuvers in foreign trade, both for over-invoicing and under-invoicing of exports. While the ministry claims the solution is to lower the exchange rate gap that has held at 100% …
The Economy Ministry, headed by Sergio Massa, has moved forward with the elimination of a benefit that lithium exporting companies in Argentina used to enjoy. Starting this year, mining companies will not have access to export refunds, a provision that had a fiscal cost of more than US$170 …
The government is monitoring imports through meetings of the SIRA system committee and conversations with business chambers. The end goal: “managing” the shortage of dollars and preventing the lack of inputs from interrupting production in factories, thus causing labor problems. The Argentine Industrial Union (UIA) released a harsh …
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 …
The board of the Central Bank will not adjust interest rates following statistics institute INDEC’s announcement yesterday that inflation was 5.1% for December, just 0.2% over the previous month figure. Since September 15, the Central Bank has kept the annual nominal interest rate at 75% and a 107.5% …
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 …
Business groups have called on La Rioja provincial government not to pass a law declaring lithium a strategic resource and suspending exploration permits. The dispute reflects broader debates on extraction models and the role the state should play in the Argentine lithium industry. Lithium law 10.608 was approved …
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 …
