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Paraguay BCP: Soya exports tripled at the start of 2019

The Paraguayan economy began in 2019 with different nuances in its foreign trade components. Although soybean (the main export product) had an important jump, it was not enough for global sales to have a greater dynamism. Shipments of soybeans to international markets grew 262.7% in the past month, compared to figures obtained in January 2018, and totaled USD 169.2 million. However, exports as a whole rose by only 2% and totaled USD 997.9 million, reported the Central Bank of Paraguay (BCP) in its report on…

Things look increasingly positive for PARAGUAY as growth continues

Things look increasingly positive for PARAGUAY as growth continues Paraguay’s growth estimate is now the highest for the whole of Latin America. With the dreaded Foot and Mouth Disease hitting the country in 2012, coupled with the drought, which caused the government to call for emergency assistance, the year saw a contraction of 0.9%. Since then the situation has been increasingly positive for the South American country. Estimates have been on the increase since 9.5% in October last year following to 10.5%…

Paraguay’s soy boom: a blessing or a curse?

Paraguay’s  is not often highlighted for its economic achievements. Yet after 20 years of stagnation at the end of the 20th century, the landlocked country has enjoyed almost a decade of economic growth, and in 2010, GDP expanded by 15%, the fastest rate in Latin America. by Guillermo D’Angelo @argentinaindependent.com Driving this impressive expansion is a thriving agricultural sector, and its principal product: soybean. Taking advantage of recent rises international prices, spurred by demand from…