Argentina

Tuesday, March 15th 2022 - 09:44 UTC
Argentina fisheries exports in 2021 reached 515,000 tons; poor year for squid

A first release on Argentina's fisheries exports for 2021, shows an improvement over 2020, and even 2019. However the significant information is that prices for a majority of species during last year were down, even when in the first weeks of 2022, according to the Argentine Chamber of fishing vessels, CAPECA, most prices tend to recover except for Illex squid.
Tuesday, March 15th 2022 - 09:39 UTC
The IMF understanding does not solve Argentina's problems, “it's only a breathing space”

Gustavo Grobocopatel, one of Argentina's most successful farming businesspeople said that the understanding reached with the IMF does not solve the country's problems, IMF merely agreed “to kick the can down the road” and give Argentina time to change its production matrix.
Tuesday, March 15th 2022 - 09:32 UTC
Three provinces concentrated 74% of Argentine US$ 78bn. exports in 2021

Three mainly agricultural provinces in Argentina, Buenos Aires, Santa Fe, and Córdoba accounted for 74% of the US$ 78 billion exported by the country in 2021, reported the National Institute of Statistics and Censuses (Indec).
Tuesday, March 15th 2022 - 09:31 UTC
Argentine FM lands financing deals for transition infrastructure

Argentine Foreign Minister Santiago Cafiero, who is on a Middle East official tour, Monday announced he had reached agreements worth over US$ 1 billion to finance infrastructure works regarding energy and climate change through 2023.
Tuesday, March 15th 2022 - 09:29 UTC
Arrest warrant issued in Argentina against Diosdado Cabello

Argentine surrogate Judge Mariela Alejandra Giménez has issued an arrest warrant against Venezuela's Government leader Diosdado Cabello, number two of the ruling PSUV, should he try to enter the country. Authorities believe Cabello might try to travel through the northern border in the province of Jujuy.
Monday, March 14th 2022 - 20:42 UTC
Fuel at Argentine pumps goes up for the second time this year

Argentina's state-run oil company YPF has increased its prices at pumps between 9.5% and 11.5%. It was the second rise this year. Other brands such as Shell have followed suit. The last increase had been in February.
Monday, March 14th 2022 - 20:39 UTC
Argentine gov't eyes soybean exports as a source of financing

The government of Argentine Sunday decided to shut down all registrations for new soybean oil and soybean meal exports “until further notice,” it was announced. Authorities are also said to be planning a 2% rise to export taxes of industrial by-products, to level it up with the 33% charged to soybeans.
Monday, March 14th 2022 - 20:27 UTC
Puebla Group supports Argentina's agreement with the IMF

World leaders gathered under the Puebla Group have expressed their support to Argentine President Alberto Fernández for the deal reached with the International Monetary Fund (IMF) and for its “overwhelming approval in Congress.”
Monday, March 14th 2022 - 09:55 UTC
Argentine fisheries industry exports hit by the Russia/Ukraine war

Sanctions on Russia for the invasion of Ukraine are intensifying and biting, with consequences for the Argentine fishing industry, mainly because Russian importers are rejecting shipments as the Rubble, last week, had devalued almost 75%.
Monday, March 14th 2022 - 09:45 UTC
The IMF's Agreement with Argentina Could Be a Game Changer

By Joseph E. Stiglitz and Mark Weisbrot – After long pushing failed belt-tightening policies, the International Monetary Fund has agreed to a deal that will allow Argentina's government to pursue a pro-growth strategy. The task now will be to manage the inevitable shocks that will come from today's tumultuous global economic environment.