Argentine barley is rushed to China as the Australia spat reshuffles global trade
Argentine barley shipments have started streaming toward China after a three-year lull as a trade conflict between Asia’s top buyer and main supplier Australia changes global supply flows of the grain used for livestock feed and beer. Argentina is on track to send at least 250,000 tonnes this year and a record 380,000 tonnes in 2021, according to export licenses and private company declarations seen by Reuters. That is up from virtually nothing in 2019. “We loaded a ship on Sunday with 65,000 tonnes…
Argentina’s export sector now performing at a much higher levels
Argentina’s export sector is booming, entering “170 new markets” in recent years, President Mauricio Macri said on Thursday. “We opened 170 new markets. Between 2016 and 2018, many businesses that had never exported started to export,” Macri said during the inauguration of the Foro Argentina Exporta, which runs until Friday at the Buenos Aires Convention Center. The president said his administration made exports “the centre of the production strategy,” occupying a position “where they should…
A new game plan for Argentina ?
Eight years after being downgraded to a frontier market, Argentina seems poised for a turnaround, one that offers investors long-term opportunity and returns. Argentina was never so visible as when Diego Maradona led the nation’s soccer team past West Germany to win the World Cup championship in 1986. It seemed emblematic of a country on the cusp of claiming its rightful place on the global stage. Things haven’t quite gone as planned. Over the past 30 years, Argentina has dealt with bouts of economic…
Argentina’s future is under the spotlight by new investors looking for change
Argentina’s future is in the spotlight by investors. For more than a decade, Argentina was a financial pariah. It had more commercial disputes in the Hague than all the other countries put together. A long-running dispute with a Vulture Funds which purchased some of its defaulted debt left it shut out of global credit markets and shattered its reputation as a safe place for business. Regardless of the rights and wrongs of this action the earlier Kirchner Government had negotiated this agreement and…
Trends in Argentina’s Economy
Expectations and Trends in Argentina’s Economy Expectations and trends in Argentina’s economy have shown clear signs of improvement. Some commentators, perhaps pressured by the long wait, are expecting an extraordinary rebound. Such expectations are somewhat unrealistic, because most investments materialise and bear fruit in the medium term – over a year – both in agriculture in terms of export, and in the real estate industry. These unrealistic expectations can cause unnecessary concern…
Argentina looks to rejoin the Global Market Place
ARGENTINA COMES OUT OF THE COLD What a difference an election can make. Just three months after Mauricio Macri became Argentina’s new president, the country is preparing to return to international debt markets for the first time in 15 years with a mid-April debt issuance of US$11.68 billion. In lifting the long-standing injunctions that led Argentina to default in 2014, U.S. District Judge Thomas Griesa noted that, “President Macri’s election changed everything.” Argentina’s debt saga dates back to…
👓 ARGENTINA: NEW PRESIDENT NEW OPPORTUNITIES: DCDB Research
PEOPLE ARE TALKING ABOUT ARGENTINA’S NEW PRESIDENT FOR ALL THE RIGHT REASONS Read part of DCDB latest report on Argentina’s change of direction. Argentina: New President, New Opportunities Argentina’s new president-elect Mauricio Macri is set to usher in a new era after 12 years of leftist government. He takes power on 10 December, 2015. Markets expect that President Macri will settle a lawsuit with holdout creditors, return the country to international capital markets, and promote growth. Mauricio…
