Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 2nd 2026 - 04:11 UTC

Economy

  • Friday, October 8th 2021 - 07:41 UTC

    World food prices rose 1,2% in September and 32,8% year to year, FAO

    FAO Dairy Price Index increased 1.5% from August, as solid global import demand in Europe and Oceania drove up quotations for all dairy products

    World food commodity prices rose in September, led by tightening supply conditions and robust demand for staples such as wheat and palm oil, the Food and Agriculture Organization of the United Nations (FAO) reported. FAO's Food Price Index averaged 130.0 points in September, up 1.2% from August and 32.8% higher than in September 2020. The index tracks monthly changes in the international prices of commonly traded food commodities.

  • Thursday, October 7th 2021 - 23:12 UTC

    Argentine also affected by sharp increase in the price of freight

    Less ships available bring up the cost of freight for Argentine exports

    The Argentine Agroindustrial Council (CAA) Thursday issued a statement whereby it warned that “the marine logistics collapse is severely limiting agri-food exports.”

  • Thursday, October 7th 2021 - 09:50 UTC

    Peru's President Castillo sacks far-left Prime Minister Bellido

    Castillo dismissed the far-left Bellido in a move to rebuild trust in his own government after announcing a Second Agrarian Reform

    Peru's President Pedro Castillo Terrones has suffered his first ministerial reshuffle Wednesday following the resignation of Prime Minister Guido Bellido.

  • Thursday, October 7th 2021 - 09:50 UTC

    IMF praises Uruguay's handling of the pandemic and forecasts 3,4% recovery this year

    The country stands out in the region for its well-functioning democracy, strong institutions and high degree of social cohesion

    The IMF elaborated and presented this month a preliminary statement on the situation of the Uruguayan economy based on Article IV mission findings.

  • Thursday, October 7th 2021 - 09:17 UTC

    WTO predicts global merchandise trade volume growth of 10,8% this year

    “Trade has been a critical tool in combating the pandemic, ” Director-General Ngozi Okonjo-Iweala said.

    The World Trade Organization, WTO, is now predicting global merchandise trade volume growth of 10.8% in 2021—up from 8.0% forecasted in March—followed by a 4.7% rise in 2022.

  • Wednesday, October 6th 2021 - 19:22 UTC

    A Coup Attempt at the IMF

    Georgieva excellent response to the pandemic quickly provided funds to keep countries afloat and to address the health crisis, and successfully advocated for a US$ 650 billion issuance of IMF “money”

    By Joseph E. Stiglitz (*) - Kristalina Georgieva, the IMF's Managing Director since 2019, has been a bold leader in confronting the economic fallout of the pandemic, as well as in positioning the Fund as a global pioneer on climate change. The efforts now underway to remove her are not only unjust but could hamstring the Fund's management for years to come.

  • Wednesday, October 6th 2021 - 09:55 UTC

    Chilean opposition agree to seek Piñera's impeachment in view of Pandora Papers

    ”The facts mentioned in that report are not new,” Piñera replied

    Chile's opposition has agreed Tuesday to seek the impeachment of President Sebastián Piñera after the head of state's name came out in the so-called Pandora Papers report, which mentioned political leaders and celebrities worldwide who have or have had investments in tax havens.

  • Wednesday, October 6th 2021 - 09:28 UTC

    Uruguay, “cooperating jurisdiction” of EU

    There are no color lists in the EU, said the MEF

    After reports Tuesday announced the reinstatement of Uruguay and also Costa Rica by the European Union to the “grey” list of tax havens, Montevideo was quick to reply all the EU had done was ratify “the status of Uruguay as a cooperating jurisdiction.”

  • Wednesday, October 6th 2021 - 08:14 UTC

    MSC cruises cancels 2021/22 season to Uruguay and Argentina

    MSC cruises announced on Tuesday that it was cancelling its 2021/22 cruise season to Argentina and Uruguay. “Since the beginning of the year and continuing on the path outlined last year to achieve the safe resumption of cruise operations in Buenos Aires, MSC Cruises has been working closely with authorities from Brazil, Argentina and Uruguay to reestablish protocols and joint operation rules for the 2021/22 season from Buenos Aires and Montevideo under the new normality”, pointed out a release from the Swiss company.

  • Tuesday, October 5th 2021 - 06:50 UTC

    Gold becomes the main export of Bolivia in the eight months of 2021

    Gold exports reached almost seven billion dollars and imports in the first eight months, US$ 5.674 million, with trade surplus climbing to US$ 1.360 million

    Gold, bullion, and jewellery have become Bolivia's main export in the first eight months of this year totalling almost seven billion dollars, considerably higher than the US$ 4.213,4 of the same period in 2020, which represents a 65,4% increase, according to the official INE stats office.