Argentina

Thursday, February 11th 2021 - 08:18 UTC
FAO anticipates a sharp decline in global cereal stocks

FAO's Cereals Supply and Demand Brief point to record wheat and rice production in 2020 and looking ahead to 2021 cereal output, early prospects indicate a likely modest increase for winter wheat crops in the northern hemisphere, buoyed by acreage increases in France, India, the Russian Federation and the US.
Tuesday, February 9th 2021 - 09:43 UTC
Fernandez expects IMF to grant Argentina more flexible repayment terms

President Alberto Fernández believes the International Monetary Fund (IMF) should grant Argentina more “flexible” terms on the repayment terms of the debt and warned that increasing inflation could lead his government to again hike export taxes, the president said in an interview on Sunday with newspaper Página/12.
Tuesday, February 9th 2021 - 09:20 UTC
YPF closer to restructuring its debt, expecting to concentrate in boosting shale deposits in Patagonia

Argentina’s state-managed oil giant expects to avoid a costly default next month after it won support for a debt swap from a large creditor group. The so-called Ad Hoc Bondholder Group, which holds 45% of YPF’s 2021 notes, expressed support for the exchange after the company increased its cash sweetener over the weekend.
Tuesday, February 9th 2021 - 08:43 UTC
Argentine oilseed crushers say they reached a deal to hold down domestic edible oil prices

Despite confusing news from Argentina following president Alberto Fernandez's announcement that he is prepared to reimpose levies on grains and oilseeds exports if food prices keep increasing, oilseed crushers said they had reached a deal with the government to hold down domestic edible oil prices.
Saturday, February 6th 2021 - 08:47 UTC
IMF chief Georgieva tells Argentina, “it takes two to tango”

The chief of the International Monetary Fund (IMF), Kristalina Georgieva said on Friday that the fund is working towards reaching an agreement on a new loan deal with Argentina and the next round of meetings will focus on the details. However, “'it takes two to tango' so both sides need to do our part and find the pathway to an agreement, and we are not yet at that point.”
Friday, February 5th 2021 - 12:57 UTC
Argentine farmers on alert: government does not rule out more taxes on food exports

Despite a recent accord with the government regarding corn exports, Argentine farmers are again on alert following statements from officials who did not rule out the possibility of increasing taxes on food exports as part of its effort to control high inflation.
Friday, February 5th 2021 - 12:39 UTC
Argentine oil and gas activity picking up in Vaca Muerta shale deposits

$The number of frac stages in Vaca Muerta rose 39% to 662 in January from 477 in November$

Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to the Argentine unit of Houston-based services company NCS Multistage.
Friday, February 5th 2021 - 09:55 UTC
Fernandez and Bolsonaro expected to share a family photo on the 30th anniversary of Mercosur

Argentine ambassador in Brazil, Daniel Scioli, has confirmed what was advanced by Uruguayan president Luis Lacalle Pou during this week's meeting with his Brazilian counterpart Jair Bolsonaro, a meeting of Mercosur heads of state, sometime at the end of March. The summit will coincide with the thirtieth anniversary of the trade block, which also includes Argentina and Paraguay.
Thursday, February 4th 2021 - 23:06 UTC
Russia has offered Argentina fighter aircraft and training jets, defense website reports

Russia has again approached the Argentine government to offer defense equipment, including military planes for the air force.
Thursday, February 4th 2021 - 09:46 UTC
Argentine president asks Putin to guarantee supply of the Sputnik V vaccine

Supply of the Sputnik V Covid-19 vaccine and the possible elaboration of the shots in Argentina were among the issues addressed by Argentine president Alberto Fernandez and Russia's Vladimir Putin during a Tuesday phone conference.