The Central Bank of the Argentine Republic (BCRA) has raised its key rate by a massive 12.75 percentage points since April 27 in an effort to shore up the exchange rate of the peso and force down inflation that is far in excess of the government’s target for 2018 of 15 percent.
United States pork will soon be exported to Argentina for the first time in more than 25 years. The Office of the Trade Representative believes that Argentina could be a $10 million market for US pork producers. The US is the largest pork exporter in the world with $6.5 billion exported in 2017.
Argentina’s central bank left its monetary policy rate at 27.25 percent and confirmed it expects inflation to decelerate after the impact of a hike in regulated prices, such as utilities and transportation, and the recent peso depreciation wanes.
Former Minister of Planning and Public Investment, Julio De Vido, was charged with corruption related to the disgraced Brazilian construction conglomerate, Odebrecht.
Los exportadores argentinos de biodiésel, como Cargill, están sufriendo luego de que varios países hayan impuesto aranceles, incluidos Estados Unidos y Perú. Estos aranceles son en respuesta a las alegaciones de que los exportadores argentinos vendieron biodiésel en el exterior… Read More ›
Argentina’s biodiesel exporters, such as Cargill, are hurting after several countries imposed duties, including the United States and Peru. These tariffs are in response to allegations that Argentine exporters sold biodiesel abroad at prices below what they charge at home,… Read More ›