Brazilian President Dilma Rousseff will arrive in Argentina on Monday on her first foreign trip as president.
Grains exporters called on the Argentine government on Thursday to help end a pay strike before it disrupts shipments from one of the world's biggest food suppliers.
United States President Barack Obama’s forthcoming visit to Latin America has cause upset in Argentina, because he will not be visiting the country. In March Obama will embark on his first trip to South America and Central America, visiting Chile, Brazil and El Salvador as he tries to shore up security and economic ties with the emerging economies.
Fruit growers, packers and pickers in Argentina have ended their strike in the western part of the country, but the damage may have already been done with strike costs estimated at US $50 million, according to local and national media.
Wheat sales for the 2009-2010 season in Argentina are primarily from the crop harvested through January 2010, which was curbed by water shortages, reports Bloomberg.
Argentine daily newspaper El Cronista on Monday reported that YPF will begin oil exploration in the Malvinas basin in February. The newspaper reports that exploration will begin 289 kilometres off the coast of Tierra del Fuego and cost U$ 150 million.
Three of every ten Argentines fall below the poverty line, 30.9% of the population, Ecolatina consultants said and they warned that “if prices continue to increase, it will be difficult for poor people’s income to beat inflation.”
Argentina exported 430,894 tonnes of seafood for USD 1,205.3 million in 2010, according to statistics from the National Food Health and Quality Service (Senasa).
Work at the hydro-electric complex Yacyreta will finalise at the end of next month, when the dam reaches 83 metres above sea level, as stipulated in its original design, executive director of the Bi-national Entity Yacyreta (EBY) Oscar Thomas informed
The farmers’ strike which has been taking in place in Argentina for the past week ended on midnight Sunday but the leaders have warned that members of the relevant rural entities will meet in two weeks, to discuss further measures and that they do not rule out another strike. The current measures had put a halt to the sale of grains.