Argentine Minister of Productive Development Matías Kulfas Sunday admitted the administration of President Alberto Fernández plans to both ban exports of the beef cuts most coveted by local consumers and freeze domestic prices until late this year.
The Argentine Customs Bureau (DGA) has set new criteria for the selection of potential cases of under-invoicing. The new controls will be carried out once the goods have been released to leave the country, it was announced.
A study released Wednesday by the Brazilian Agricultural Research Company (Embrapa) of the national Ministry of Agriculture, Livestock and Supply showed the country was the world's fourth-largest grain producers in the world, it was announced.
A report released Tuesday showed that Argentina's trade with neighbour Brazil has reached its highest level since 2018, exports reaching US $ 4.2 billion until May, 33% better than in the first five months of last year, but 6% lower than the same period of 2019.
Uruguay's exports rose 54.9% yearly, according to a report from the Uruguayan Exporters Union (UEU) released Tuesday, which also showed that between January 1 and May 31 the increase was 33.9%.
Argentina's National Institute for Statistics and Census (INDEC) Friday announced the country's exports increased 9.1% since March 2020, while imports went up 16.4% for the same period of time, for a combined foreign trade worth of US $ 8,488 million, 12.1% above last year's figures.
China's total goods imports and exports expanded 32.2% year on year to 5.44 trillion Yuan (some US$ 838.16 billion) in the first two months of 2021, sustaining growth momentum in previous months, official data showed. Exports jumped 50.1% while imports rose 14.5% in Yuan terms, according to the General Administration of Customs (GAC).
Brazilian soy shipments this month should reach 15 million tons, which could establish a new record for a month, according to the maritime agency Cargonave, considering the 250 ships in the export line-up, a growth of more than 40% compared to the number seen in the same period last year.
Brazil posted a US$ 51 billion trade surplus last year, official figures showed on Monday, a 6% increase from the year before as the COVID-19 pandemic hit imports harder than exports.
Brazilian iron ore exports increased by 18.5% in September compared to the same period last year, to 37.86 million tons, after Vale increased the pace of production. The volume shipped last month is the biggest since December 2015, when Brazil exported a monthly record of 39.5 million tons, according to the Ministry of Industry, Foreign Trade and Services.