Argentina is forecasted to plant the smallest wheat crop on record because of drought and export restrictions, according to the Buenos Aires Cereals Exchange. Planting will fall as low as 3.7 million hectares this fall that would be the smallest since the Exchange began recording such data in 1910.
The History Channel will be screening next June a film on the Falkland Islands war and the fire baptism of the Argentine Air Force, it was announced this week in Buenos Aires.
Since 2005 Argentina has consumed 25% of its natural gas reserves, 15% of oil reserves and the Mar Argentino (South Atlantic) which has “great possibilities remains virtually untouched”, reads a critical report on the outlook for the Argentine energy sector compiled by eight former Energy Secretaries from different governments.
Former Argentine president Nestor Kirchner and head of the country’s largest Justicialista party called on voters to support the ruling coalition in the coming mid term elections of next June 28 to avoid a collapse back into the 2001/02 scenario
Bolivia and Paraguay formally sealed Monday in Buenos Aires the end of an armed conflict dating back 74 years and which is considered the bloodiest of the last century in South America with over 100.000 killed.
For the fifth year running a massive concentration of Argentine environmentalists and picketers marched Sunday across an international bridge linking with Uruguay to protest against a pulp mill built on the Uruguayan side and which has been at the heart of a bilateral political and diplomatic dispute between the neighbouring countries.
A piece from The Economist Intelligence Unite Views Wire on Argentina’s coming mid term elections sets out the scenario of the day after, and its consequences for the ruling Kirchner couple and obviously Argentine stability.
An issue too sensitive to be openly addressed in Argentina, the article basically states the election has turned into a referendum on the still powerful Kirchners.
“A heavy defeat for the candidates and allies of the governing Frente para la Victoria (FV, a faction of the Peronist party) could well hasten the end of their power, increasing the risk that the president will not see out her term (due to expire in January 2012) and presaging a bumpy political transition”.
Argentina and Brazil confirmed on Thursday their strategic alliance particularly in the face of the current global crisis challenge and also tried to bridge their differences regarding bilateral trade and claims of protectionism.
The commander of the Argentine cruiser General Belgrano sunk by a British nuclear submarine during the Falkland Islands conflict 1982, Hector Bonzo died this week in Buenos Aires at the age of 76.
Argentina’s economy is forecasted to contract 1.5% in 2009 and will resume growth in 2010 but at a very modest 0.7%, according to the International Monetary Fund’s April World Economic Outlook (WEO).