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Argentina growing as non-GMO soybean world supplier

Buenos Aires, October 22nd.  Argentina is going forward as a non-GMO world soybean supplier. “We estimate that non-GMO global soybean market is between 9 to 12 million metric tons, but to guarantee the identity across the supply chain is the key factor to play in this business”, the general manager of Kumagro, Diego Chillado Biaus, opines. Kumagro is an Argentine company formed 50/50 by seed company Asociados Don Mario (ADM) and farming, storage and trading company Grobocopatel Hnos. ADM has developed…

Estancia Punta del Agua – San Juan – Argentina: 1,000,000 acres for Sale – New Photos

Estancia Punta del Agua – 1,000,000 acres of Opportunities Estancia Punta del Agua 1,000,000 acres for Sale – New Photos Estancia Punta del Agua, a set on Flickr. Click on the photos to see more photos of the property Description 375,640 ha more or less or just under 1 million acres in the North West of Argentina, with potential and feasibility studies for agriculture, cattle ranching, biofuels, renewable energies, and tourism. Strategically located on the bioceaniccorredor that crosses Chile,…

Foreign Minister Jorge Faurie in London: “Argentina is building institutions”

Argentina’s Foreign Minister Jorge Faurie spoke at a conference in Chatham House about the political and economic changes happening in Latin America. Argentina is working very hard on its macroeconomic reforms, on reducing the fiscal deficit and combatting inflation, building institutions with anti-corruption practices and strengthening an independent judicial system”, Foreign Minister Jorge Faurie said, during the first seminar on Latin America hosted by Chatham House (The Royal Institute of International…

Argentina has the World’s Worst Currency: Shattering Home Buyers’ Dreams

Homes in Argentina are priced in U.S. dollars even though buyers can only take out mortgages in pesos, the world’s worst performing currency against the greenback. And that’s only where the pain begins. Argentina’s once thriving housing market — an example of its pro-business turnaround under President Mauricio Macri — has fallen victim to both the peso’s 50 percent plunge this year and soaring interest rates which exposed a convoluted property-buying process. Decades of economic booms and…

Argentina Economy turns with the first trade surplus since December 2016

September’s trade balance improvement was driven by significant declines in imports of capital and consumer goods, as well as a more competitive peso currency Argentina had a trade surplus of US$ 314 million in September, official statistics agency Indec said on Tuesday, the first since December 2016 and an early sign the devaluation of the peso currency has benefited the country’s exporters.  Economists say September’s trade balance improvement was driven by significant declines in imports of capital…

San Juan: Inter-American Development Bank will ensure the construction of the Agua Negra Tunnel

Governor Sergio Uñac met with the President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, who ratified the entity’s commitment to the Agua Negra tunnel linking the IV Region of Coquimbo (Chile) with the Province of San Juan (Argentina).  The governor of San Juan, Sergio Uñac, accompanied by the Minister of Finance and Finance of the province, Roberto Gattoni, presented to the President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, a series of financial…

“Argentinean soybean breeders are world class”

Julio Ferrarotti is a pioneer in the breeding of soy in Argentina. His father registered the first national cultivar of soybeans in ’60. In 1994 he founded a new seed company, named Relmó, together with four partners, including his father and brother. After the sale of the company to an investment fund around 2008, he continued his work as a breeder and headed Prosoja, a non-governmental association that brings together Argentine soy breeders. We wanted to know his opinion on the state of the art in the…

Argentina is having a cotton export boom

After reaching a floor of 235,000 hectares planted in the 2016/17 season, cotton acreage expanded to 324,000 hectares in the last season, and, according to the Production minister of Chaco Province,  Marcelo Repetto, a 20% increment is expected for this year. The new macroeconomic scheme is improving the perspective for the cotton chain in Argentina. The dollar rose from AR$17 a year ago to current AR$38.50, i.e, a 126% increment; wages and other costs in Pesos were liquefied due to the currency depreciation…

HOW VULNERABLE IS THE $100+BN PROPERTY PORTAL INDUSTRY WORLDWIDE?

This is an article written for a New Zealand audience but the challenges and disruption that is causing some in their real estate industry to pause is also very applicable to the South American market which is very fragmented with a low level of transparency.  It was written by Alister Helm a licenced real estate salesperson and journalist.  “It was 5 years; almost to the month that Trade Me made its ill-fated blunder. A very costly blunder, a blunder that continues to hold strong memories within the…

Combining Innovation With Sustainability In Latin America

Global Warming. Arguably the buzzword of the century. Preached by some, denied by others, it is the issue that is possibly going to define the legacy of our generation. A brief glance at some statistics tells enough of the story to hammer home what experts have been warning us about for decades. Since 2001, 17 of the 18 warmest years on record have been registered. Carbon Dioxide levels are at their highest point in 650,000 years, at a quite astonishing 409 parts per million. The global sea level is growing…

Australia puts Roundup – Glyphosate under the spotlight – Maybe South America should too

Australia’s top-tier cancer body has called for an independent review of the world’s most well-known herbicide which has been linked to non-Hodgkin’s lymphoma. An active ingredient in the popular weed-killing product Roundup called glyphosate — a chemical that has not been reviewed in more than two decades — Cancer Council is concerned. Roundup is the most widely used herbicide on the planet and is popular among domestic gardeners and farmers in Australia. It was patented by agrochemical…

SpaceX Falcon 9 rocket carrying an Argentinian Agro satellite takes off successfully

A SpaceX Falcon 9 rocket carried an Argentinian Earth-observation satellite into space Sunday and for the first time landed a first-stage booster back at its California launch site. The primary purpose of the mission was to place the SAOCOM 1A satellite into orbit, but SpaceX also wanted to expand its recovery of first stages to its launch site at Vandenberg Air Force Base, about 130 miles (209 kilometers) northwest of Los Angeles. SpaceX had previously flown first-stage rockets back to land after Florida…

Templeton Funds: “Argentina suffered a speculative attack but is now recovering”

The head of the largest investment fund in Argentina attributed the dollar crisis to misinformation in the financial markets. One of the biggest investors in Argentina said that the financial crisis is ending, and he blamed the chaos that hit the market this summer a “massive speculative attack” and the exaggerated reaction at a local level. The funds controlled by Michael Hasenstab, a major fund manager of Franklin Templeton, invested about 4.6 billion dollars in Argentine debt, betting that the…

Argentina’s huge wheat harvest should boost its struggling currency

Argentina’s plummeting currency ( AR Peso ) is set for buffering from bumper wheat crops as it becomes one of the few countries to emerge from a 2018 harvest with a sizeable yield. Several top producers from around the world, including Australia, the US, and much of Europe, have struggled to deliver high yields in the face of a difficult climate involving droughts and extraordinary heatwaves. This has caused Asian countries such as Indonesia, which ranks as one of the highest purchasers of wheat worldwide,…

Warren Buffett prefers Farm Land to buying Gold. You should too.

image of Investment in Farmland
  Today the world’s gold stock is about 171,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,198 USD per ounce — gold’s price as I write this — its value would be about $9.6 trillion. Call this cube pile A. Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually),…