The agricultural landscape of Argentina does not align with the narrative of an ascending economic power. While grain exports are essential for generating foreign currency for the economy, the fundamental operations within the agricultural ecosystem — especially those related to input, technology, and services — are facing a significant structural crisis. This crisis is characterized … Read more
In June, there was a notable increase in monthly dollar purchases, coinciding with the upcoming national legislative elections in Argentina scheduled for October 26. A recent report from the Central Bank reveals that one million individuals chose to purchase United States currency last month, amounting to a total of US$2.4 billion. This marks an increase … Read more
As the October midterm elections approach in just two months, the administration of President Javier Milei is focusing primarily on demonstrating to Argentines its commitment to continuing the fight against inflation. For two consecutive months, May and June, it has achieved robust figures below two percent per month, recording 1.5 and 1.6 percent, respectively. This … Read more
The United States ranks as Brazil’s second-largest trading partner, following China. While the two nations engage in direct competition in certain markets such as corn and cotton, Brazil, recognized as an agricultural powerhouse, also cultivates tropical goods like coffee that are not viable for production in the continental United States. Brazil has been increasing its … Read more
President Javier Milei has declared a reduction in agricultural export duties for the majority of products, a move that comes less than a month after his administration raised these duties. Milei announced his plans during a speech on Saturday at the Rural Expo, an annual event showcasing Argentina’s farming sector. “This seeks to boost farming, … Read more
The Trump administration is formulating a statement supporting Argentina and opposing hedge funders’ purchase of 51% of YPF. Judge Loretta Preska in New York ordered the transfer of 51% of the flagship oil company’s shares (“turnover”) to hedge funds Burford Capital and Eton Park, which won the lawsuit for US$16.099 billion. Senior Trump administration officials … Read more
The International Monetary Fund (IMF) has announced that it has reached a staff-level agreement with the Argentine government regarding the first review of the program established in April. The lender’s board is scheduled to convene in late July to provide final approval for the review, a decision that would facilitate a US$2 billion disbursement. Just … Read more
Argentina’s agroindustrial sector anticipates a significant decline in dollar inflows in the near term, subsequent to the conclusion of a temporary decrease in export duties. Exporters caution that the settlements of proceeds may decline by over fifty percent. Foreign currency supply from the agricultural sector may experience a shortage until November. The government is meticulously … Read more
Soaring interest rates on peso notes are putting banks under pressure as a liquidity crunch unfolds, driven by government actions to defend the local currency. The interest rates on Argentine peso notes are experiencing a significant increase, exerting pressure on banks in the context of a liquidity crunch that has arisen from government initiatives aimed … Read more
The International Monetary Fund plans to engage in discussions regarding the initial review of Argentina’s US$20-billion programme during an informal meeting between its staff and executive board on Tuesday, as reported by a source with knowledge of the situation. The meeting is anticipated to occur in Washington on Tuesday morning, according to an individual who … Read more