There's an “economic storm” brewing in the Falklands' rural sector said Chair of the Rural Business Lewis Clifton on Wednesday night. At the Farmers Week Reception hosted by Governor Alison Blake, Mr. Clifton gave a speech and spoke to Penguin News about the problems farmers are facing because of climate change and other economic factors.
Brazil's Institute for Applied Economic Research (Ipea) has revised its forecasts and now foresees larger economic growth and smaller inflation this year, Agencia Brasil reported.
Uruguayan overall exports fell sharply in June for the second straight month this year, as reported in Montevideo. The new decrease in foreign sales was mainly explained by the negative variations in soybean and beef sales.
Luis Arce Catacora, president of Bolivia, a Mercosur associate nation that has long been trying to become a full member of the bloc, said Tuesday during the 62nd Summit in Puerto Iguazú (Argentina) that it was time we move[d] away from the [US] dollar to base ourselves on the [Chinese] yuan and strengthen our own currencies.
Argentine Economy Minister Sergio Massa said Monday in Puerto Iguazú during a conference with his Mercosur peers on the opening day of the bloc's 62nd Summit in the province of Misiones, that in order to strengthen intra-Mercosur trade, it is essential to consolidate local currency agreements among our countries.
Brazil's exports of beef and pork have retaken volumes from before the pandemic, as reported by Canal Rural. For example foreign sales of fresh, frozen, or refrigerated beef generated US$ 785.557 million in June (16 working days), with a daily average of US$ 49.097 million. The total amount exported by the country reached 154,625 tons, with a daily average of 9,664 tons, while the average price per ton was US$ 5,080.40.
United States Treasury Secretary Janet Yellen will travel to China this week to restore ties, the Treasury Department announced. Yellen, who will be in Beijing from July 6-9, will meet with high-ranking representatives of the Chinese government but not China's President Xi Jinping.
Paraguayan Foreign Minister Julio César Arriola Monday called for a more effective and efficient Mercosur during the bloc's two-day summit in Puerto Iguazu in the Argentine province of Misiones.
Peru will finally take over the pro tempore presidency of the Pacific Alliance (PA) on Aug. 1, after which progress is expected in trade, tourism, and investments, Foreign Trade Minister Juan Carlos Mathews said Sunday in a TV interview.
Trade relations between Brazil and Argentina are improving with an overall volume of US$12.5 billion in the first five months of this year. Brazil exported US$7.5 billion worth of goods and imported US$ 5 billion from Argentina, according to the Comexstat portal of the Brazilian Ministry of Industry, Commerce, and Services.