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MercoPress, en Español

Montevideo, March 7th 2025 - 02:26 UTC

Economy

  • Saturday, February 8th 2025 - 09:46 UTC

    Brazil’s industry posts 3.1% output increase in 2024

    The annual increase was achieved despite three straight months of decline, IBGE's report showed

    According to a report released by Brazil's Institute of Geography and Statistics (IBGE) this week, South America's largest country's industrial production closed out 2024 with a 3.1% from 2023's figures. These results, driven by rising employment and income, were the third-highest annually in the last 15 years.

  • Friday, February 7th 2025 - 09:18 UTC

    Bolivian meat producers declare emergency after export ban

    Bolivian authorities are prioritizing the domestic meat demand

    The Bolivian government's ban on beef exports represents daily losses of approximately US$ 500,000 for the country's cattle farmers, warned Thursday the National Chamber of Exporters of Bolivia (Caneb). The suspension was announced by Productive Development Minister Néstor Huanca, citing the need to regulate supply and reduce the price of meat in the domestic market.

  • Friday, February 7th 2025 - 09:04 UTC

    Argentina: BCRA REM report foresees 2.3% CPI in January

    The latest REM report showed a slight improvement from its previous issue's projections

    Argentine Central Bank's (BCRA) monthly Market Expectations Outlook (REM) released Thursday foresaw January's Consumer Price Index (CPI) would stand at 2.3%. Back in December 2024, the REM expected it to be 2.5%.

  • 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.