Argentina has a record grain harvest.
Despite the political upheaval in Argentina, which seems to have temporarily quietened, whether preparing for an even worse storm or heading for a reasonable path of rationality yet to be seen, the country, one of the world’s most efficient breadbasket, is again managing extraordinary crops of corn and wheat. In effect, according to the Rosario Stock Exchange’s Strategic Guide for Agriculture, foreign sales of the coming 2022/23 corn season already reached a record six million tons, the largest…
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…
