Wednesday, December 13, 2017

Wednesday, Dec

By The Bubble

Europe, rejoice! After 14 long years, the European Union announced that in the first semester of this year it will reauthorize Argentine beef imports from northern Argentine provinces that previously had had their exports banned.

The move follows in the footsteps of the US and Canada, both of whom reopened their... (Read More)

By Fresh Plaza

According to the IDR, the surface cultivated with winter vegetables in the province of Mendoza amounted to 12,626 hectares, i.e. 16% less at the provincial level over the previous season. Despite this, the South showed a remarkable production growth with nearly 100 extra crop hectares, especially of garlic production.

According to the report  on horticultural production by the Institute of Rural Development, "all areas of the province decreased crop surface, except for the eastern and southern areas, which includes the departments of... (Read More)

By Fresh Plaza

The agricultural production in San Rafael and Alvear is not going through its best moment. After the problems caused by severe hail storms, the traditional problems caused by lack of competitiveness are also looming, causing fewer and fewer people to remain committed to the sector.

In this sense, looking at the harvest prospects of the Institute of Rural Development, it is worth noting that the acreage devoted to fruit crops in the south of the province dropped by 976 hectares from one campaign to the next.

The situation, marked by lack of profitability and with concerns about the development of climate contingencies, has resulted in... (Read More)

By Forbes

A new era is beginning in Argentina, now that the Kirchner dynasty was finally voted out of office in November. President Mauricio Macri has vowed extensive change for the country, in areas ranging from foreign policy to the domestic economy. He is advocating an increased role for the private sector at the expense of a reduced role for the government. Argentine assets have not been part of a favorable or investable universe for over a decade; if successful, Macri’s policies will bring sorely needed foreign investment into Argentina, and spur locals into putting capital to work as well.  As such, I’m monitoring the country as a possibly lucrative investment location for 2016. With interest rates at 38% and a currency weakened by over 30%, the time is coming nearer.

As a first credible sign that Macri is putting action behind his promises, he has brought new (and valuable former) employees into three important institutions: ... (Read More)

By Wisconsin AGconnection

Argentina's crop exports surged $2 billion in the last three weeks of the year after restrictions were scrapped by the new president, according to exporter group Ciara-Cec. Bloomberg reports that farmers sold $752 million worth of grains and oil-seeds in the last three days of 2015 for an annual total of $20 billion, down 17 percent from a year earlier. Sales in the last few days of the year were almost double the amount of grains and oilseed shipped abroad in the entire month of November.

The export of grains has become more profitable for farmers after... (Read More)

By Reuters

Jan 6 Argentina has swapped $16 billion in notes held by the central bank for fresh dollar-denominated bonds, the government said on Wednesday as the country moves to bolster reserves and strengthen its hand against creditors suing over defaulted debt.

Long-awaited negotiations with a group of New York hedge funds that sued in the U.S. courts for full repayment of defaulted sovereign bonds are set to start in the days ahead.

The central bank also is talking with investment banks about a financing deal of up to... (Read More)

By Fortune

No more cheaper pesos for tourists.

If you’ve been to Argentina in the past four years, you’ve found out that the best deal is to take your money in large bills and to change it illegally. Tourists from around the world have gotten more for their home currency thanks to Argentina’s booming black market, where pesos have typically traded for 30% less than the official rate. For Argentine citizens willing to accepting a lower rate in return for the perceived safety of dollars, the black market had become the only way to get around the government’s tight currency controls.

Now, all this is changing. Earlier this month, new Argentine President Mauricio Macri removed limits on... (Read More)

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