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Argentine will again be one of the worlds largest exporters of meat in 2019

According to a CREA report, shipments abroad could grow 16% during the next year. They should total 600,000 tons. 60% would go to Asia According to CREA, which presented its projections for 2019, Argentina would again be one of the top five meat exporting countries worldwide, given that it expects a similar growth to 2018 with a reasonable climatic year and continuing growth of exports. However, it was indicated in the report, “it is expected that the national reduction in the supply for domestic consumption,…

The world’s leading inflation expert believes the current Argentine monetary policy changes are very positive

The American John Taylor is making reference to the inflationary goals and forecast interest rates. Taylor highlighted the planned application of zero growth in the monetary base and “first level transparency” of the local monetary authority. For the creator of one of the most important monetary policy principles of the last decades, “an inflation goal is not enough, a policy strategy is needed to follow” when establishing and complying with the inflation targeting scheme. John Taylor…

Failing Argentine Economy: “It’s Troubling that No One is Proposing Reforms”

Mauricio Macri needs to undertake drastic economic reforms to save Argentina from a death spiral of inflation and currency collapse Argentina’s National Institute of Statistics and Censuses (INDEC) confirmed an economic decline of 5.8% in the month of September. Monthly figures, although dismal and depressing, had at least been stabilizing: June saw a decline of 6.8%, July of 2.7% and August of 1.6%. September’s figures are just one further troubling sign for President Mauricio Macri and the Argentine people.…

Agri-business starts to lift the Argentine economy

SAN ANTONIO DE ARECO (ARGENTINA) (AFP) –  Federico Zerboni gazes out from his 4×4 as it rumbles across the pampas, fertile fields of rapeseed and soybean visible as far as the eye can see. An agri-business boom in Argentina, fueled largely by soybean and grain exports, has helped offset some of the pain of a bitter recession that forced President Mauricio Macri to call on the International Monetary Fund for a $56 USD billion bailout. Zerboni, 53, said his 6,000-hectare (14,800-acre) farm —…

AGRIBUSINESS REPORT ARGENTINA Q2-2018

Agribusiness Report Argentina Q2-2018 aims to summarize the principal activity in INVESTMENTS and M&A in Argentina for the second quarter of the year. Circulation is managed in a quarterly basis to develop relevant updated information. The investments section includes operations in Ag Finance like corporate bonds or stock offerings. The M&A section also presents a summary of the major transactions in the global scale. Source: Agrifex (Visited 44 times, 1 visits today) About Gateway to South AmericaGateway…

Argentina’s worst drought in 50 years has crushed the country’s cash flow

The economic activity in April fell 0.9% annualised and 2.7% in March, but with a production drop of 30% in agriculture and livestock. It is thought the degree of the drop could reflect the beginning of a short-term recession. The worst drought in 50 years struck negatively with economic activity in April, which fell 0.9% year on year and 2.7% from March, seasonally adjusted, reported yesterday by the INDEC . The results of analysed data are conclusive. The agricultural sector showed a decline of 30.8% year…

Argentine economic activity grew by 4% in June as the economy recovers

The INDEC ( Argentina Statistic Department ) reported the Monthly Estimates of Economic Activity, which in June recorded the highest rate of expansion of the new Macri government era. Economic activity began to accelerate growing by 4% on a year-on-year basis, the highest monthly rate recorded to date under the management of President Mauricio Macri, driven by construction, general industry, and the financial sector, according to the National Institute of Statistics and Censuses ( INDEC ). [gview file=”https://www.gatewaytosouthamerica-newsblog.com/wp-content/uploads/2017/08/ÍNDICE-GENERAL-DE-ACTIVIDAD-IGA-1.pdf”]…

Beyond Pizza and Champagne: Argentine wine production and tourism

Despite “Pizza with Champagne” and “Patagonia Lamb with Malbec” jokes, wine and ecotourism will play a leading role in Argentina´s future. When it comes to sociopolitical jokes, there is a long pairing tradition in Argentina, associating governments to food and wine combinations. From anarchist references in popular pastry names –“cannons and bombs”- to referencing both Néstor and Cristina Kirchner governments as “Patagonia lamb and Malbec” (because they came from the Southern provinces)…

Argentina’s Central Bank relaxes foreign-exchange restrictions

Argentina’s central bank moved one step closer to allowing the free flow of foreign currency when it removed a limit on how much of their savings individuals and companies can convert into dollars. Policy makers, in a statement on August 8, also said they will cut the amount of paperwork companies must submit to justify dollar purchases and reduce the categories of foreign exchange transactions that must be reported to the government to 70 from 315. The central bank previously limited conversions to dollars…

Argentina Land Laws become more flexible

Precios de la tierra agrícola actualizados 2016
Argentina Land Laws become more market-friendly   Argentina’s government has recently amended the Land Laws by decree in order to promote further foreign investments in farmland which in the past has been in the too hard basket for agricultural investors and farm production companies and individuals. Changes to the Rural Land Law proposed last week by the government to promote the increased investment and development in farmland. With the elimination of the Financial Information Unit the Argentine Tax…

✔ Argentina an exception to an expected South American Slowdown

By Silvio Cascione Poll shows South American Slow Down, Argentina is seen as exception BRASILIA — The worst recessions in the world this year will take place in Latin America, with little room for policymakers to try and avoid them as global commodity prices flounder, a Reuters poll showed yesterday. Economists slashed growth forecasts for most of the region in a survey conducted January 8-13 compared with an October poll. Argentina was the exception as it was the only Latin American country in the poll to…

Argentine bonds buoyed by political hopes of Change

Argentine bonds buoyed by political hopes of Change It is sometimes said that the world has four types of economy: developed, developing, Japan’s and Argentina’s — because of a seeming South American economic exceptionalism becoming apparent again. China’s economy is slowing. Investors have dumped emerging market assets. In Latin America, presidential approval ratings have collapsed amid the downturn. Yet Argentine bonds have returned 6 per cent since the start of August, while approval ratings for…