Argentina will meet all its debt obligations in 2008 and 2009, said Cabinet chief Sergio Massa addressing investor concerns that political tensions could reduce its budget surplus and slow its debt payments.
Argentina could be forced to import beef by 2012 if current policies are not modified, but current tonnage could increase by 50% if rules are changed, warned the Argentine Regional Consortia of Agriculture Research, Aacrea.
Argentine fisheries exports reached 318.372 tons and 657.5 million US dollars respectively during the first seven months of 2008 which represents a slight 6% increase in dollars over the same period a year ago, according to the latest figures released by the country's food safety office, Senasa,
Fisheries in Argentina has become a non profitable business according to several industry chambers mostly based in Mar del Plata where 50% of the country's fleet is docked and a significant percentage of total catches are landed.
Accumulated inflation in Argentina over the last 12 months by the end of July was 28%, with food prices having risen 39% in that period and index-linking already beginning to take place, according to economist Carlos Melconian.
Wheat production in Argentina will suffer a steep decline because of the government' inefficient agriculture policies claimed the leader of one of the country's main farmers' organizations.
Under the banner of time is running out Argentine farm leaders gathered in a rally to call for action from President Cristina Fernandez de Kirchner administration or they will be forced to resume the protests that they staged for four months until mid-July and that forced the government to roll back higher grain export duties.
After six years of rapid growth, Argentina's economy is at a familiar turning-point, in which the president's refusal to change course threatens to make it poorer
Argentina's Lower House approved early Friday following twelve hours debate the government's purchase of the flag air carrier Aerolineas Argentinas and its subsidiary Austral from Spanish travel conglomerate Marsans. The bill must be approved by the Senate before becoming law.
A severe drought in central north Argentine provinces has caused the death of 700.00 livestock, hampered milk production and delayed sowing wheat and sunflower in other regions of the country, according to farmers' organisations leaders.