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MercoPress, en Español

Montevideo, May 24th 2025 - 03:25 UTC

Economy

  • Friday, February 7th 2025 - 07:13 UTC

    Brazil needs to purchase 3,5 million tons of wheat, despite higher yields in domestic production, says CEPEA

    Argentina is Brazil’s largest wheat supplier, and the President Milei government has reduced export taxes which should help sales to its Mercosur partner

    Wheat production 2024/2025 in Brazil fell by 2.6% compared to the previous year, with the National Supply Company (Conab) forecasting a harvest of 7.89 million tons in 2024. This also represents an 11.9% reduction in the cultivated area, which shrank to 3.06 million hectares.

  • Friday, February 7th 2025 - 06:40 UTC

    Falklands Pension Scheme, board member vacancy for employee representative

    The Trustees are responsible for the administration and management of the Scheme in accordance with the Falkland Islands Pensions Scheme Ordinance 1997

    The Falkland Islands Pensions Scheme (FIPS) operates under the direction of a Pensions Board, whose Trustees are appointed by the Governor. Expressions of interest are now being sought from any persons who would like to serve on the Board of Trustees as an Employee Representative.

  • Thursday, February 6th 2025 - 13:19 UTC

    EU juggling options for if or when Trump imposes tariffs

    Sefcovic said the EU's response would be firm

    Given US President Donald Trump's tariffs imposition spree that has already hit Mexico, Canada, and China, the European Union (EU) is considering retaliatory measures should these threats materialize. The European Commission is considering using the “anti-circumvention instrument” (ACI), which allows restrictions in response to coerci⁷ve trade actions by other countries.

  • Thursday, February 6th 2025 - 10:07 UTC

    Brazil: Coffee price expected to remain high

    On the New York Stock Exchange, the main contracts for Arabica coffee reached all-time highs

    The Brazilian Coffee Industry Association (ABIC) said it expects prices to continue rising in the coming weeks, at least until this year's harvest, which begins around April or May, due to recent adverse weather coupled with increasing global consumption boosted by exports to the newest customer: China.

  • Thursday, February 6th 2025 - 08:23 UTC

    Uruguay's inflation reaches 1.1% in January

    The interannual index fell within the Government's target range

    Uruguay's Consumer Price Index (CPI) went up 1.1% last month and 5.05% interannually, the National Institute of Statistics (INE) said in a report released Wednesday in Montevideo. Wednesday's figures represented a slight improvement for President Luis Lacalle Pou's administration after recording 1.53% in January 2024 for a 5.09% yoy.

  • Wednesday, February 5th 2025 - 11:43 UTC

    Tax collection above expectations in Paraguay

    Orué highlighted the 16 consecutive months of sustained increase

    Paraguay's National Directorate of Tax Revenues (DNIT) announced Tuesday that collection last month far exceeded expectations after posting a 9.1% yoy improvement. A DNIT report mentioned raking in ₲ 3.19 trillion (around US$ 405 million), which represented US$ 33.9 million more than in the same month of 2024.

  • Tuesday, February 4th 2025 - 19:38 UTC

    Uruguay's exports post 6% yoy increase

    Beef alone accounted for US$ 202 million worth of sales

    Uruguay's exports last month totaled U$S 912 million, according to a report released earlier this week in Montevideo by the Uruguay XXI Institute. Beef, cellulose, dairy products, and rice were the main items behind this achievement representing a 6% yoy increase.

  • Tuesday, February 4th 2025 - 13:25 UTC

    IMF tips inaccurate, Bolivia says

    The Bolivian Government is taking care of the economy, Montenegro claimed

    The Government of Bolivia stressed Monday that the International Monetary Fund's (IMF) devaluation and fiscal adjustment proposals were missing the target because they hinged on old data.

  • Tuesday, February 4th 2025 - 10:00 UTC

    Lula highlights Brazil's economic improvements

    Lula's message was read out by Congressman Carlos Veras

    Brazilian President Luiz Inácio Lula da Silva told Parliament vicariously Monday that his country was “less poor and with more income.” He made those remarks during the ceremony marking the opening of this year's Legislature. The session was chaired by the Senate's new Speaker Davi Alcolumbre (União Brasil-AP), who was chosen last Saturday. Also present were the Lower House's new frontman Hugo Motta (Republicans-PB), Supreme Federal Court (STF) Chief Justice Roberto Barroso, and various other cabinet members.

  • Tuesday, February 4th 2025 - 08:46 UTC

    Tariffs on Canada also postponed after Trump-Trudeau talks

    Trudeau had announced Canada's own 25% tariff on US goods in retaliation

    After agreeing with Mexico's Claudia Sheinbaum on a one-month pause for the imposition of 25% tariffs, US President Donald Trump reached an understanding Monday with Canadian Prime Minister Justin Trudeau, provided his northern neighbors acquiesced to a series of demands regarding border security, including higher spending on organized crime and drug trafficking fight, in addition to appointing an official specifically in charge of fentanyl, drug cartels, and terrorists. Under the new deal, Canada also agreed to launch a joint strike force to combat organized crime.