The last increase of 4.5% in diesel oil meant an extra cost of 8 billion pesos ($98.9 mn) for the field. It reflected in a report by the Argentine Rural Confederations (CRA), which stated that with inputs at dollar value and production at peso value, profits shortened. Also, the sector will have to contribute some 3.79 billion pesos ($46.83 mn) in taxes.
The fire does not give truce in the province of Corrientes. A new and voracious fire devastated some 20,000 forested hectares and 30,000 hectares of the field in the north of the province.
The company has an annual turnover of 124.17 million pesos ($1.5) for all the products it sells around the world. The venture already has a headquarters in Chile. We have to produce in Chile where the costs are the same as in Argentina, but with the difference that we are not charged for exporting. In Argentina, we are growing quite a lot. In 2017, 150 kamados per year manufactured and now we are at 600. Meanwhile, from Stuttgart, Germany, where they were also recently installed, they export to European countries.
The Indec's agricultural machinery industry report highlights a 72% year-on-year increase in agricultural implement sales in the third quarter of 2020, measured in units. There is a substantial increase in sales of sprayers, hoppers and mixers, also increased 42% purchases of combines and 27% of tractors.
Gas station sales during October were up 5% from September, although overall sales were up 2.2%, a recovery that the industry considers "slow" because marketing remains 20% below the pre-pandemic level.
Yesterday, the Chinese-owned company Envision Energy inaugurated the "Vientos del Secano" wind farm, with 20 wind turbines and a capacity of 50 Mw, in the Buenos Aires district of Villarino, near Bahía Blanca. It is the second investment of the firm in the region, a year ago put into operation the park "Garcia del Rio" consisting of four wind turbines with a contribution of 10 Mw. The Envision Group has been named one of the ten most essential companies among the 50 smartest companies in the world in 2019 by the MIT Technology Review.
Neither the temporary drop in retentions nor the rise in international prices that consolidated an increase of more than 30% since last March, managed to accelerate the liquidation of foreign currency in agriculture in November, which would end up with around $1.6 billion, a drop of about 5% concerning the previous month. The year would end with a fall of approximately 15%.
Natalio Mario Grinman was head of the Cabinet of Advisors to the Undersecretary of Ports and Waterways of the Nation and advisor to the governor of the province of Entre Ríos on economic issues. In 1985 he joined the Argentine Chamber of Commerce and Services (CAC), and since 2016 he has been its secretary.
Hand in hand with the loss of value of the peso against the dollar, the price of real estate in the City of Buenos Aires is increasingly lower. The dollar values of used two and three-room apartments showed an average decrease of 6.7% during the last quarter and 16.7% in its interannual comparison. The drop reaches 22.09% if we compare the current value with February 2019 (the peak) which reached $2,400 per m2, this is the seventh quarter of consecutive falls.
The Industrial Production Index (IPI) registered a year-on-year fall of 3.2% in October. Concerning September, the activity showed an advance of 1.2%, although in seasonally adjusted terms it did not improve.