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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…