Argentina records highest inflation rate in 18 months: 4.8%

Inflation accelerated last month in Argentina at the fastest pace in 18 months, threatening to derail the fragile economic recovery six months before key midterm elections. Consumer prices in Argentina rose 4.8% in March from February, according to the INDEC national statistics bureau. The monthly figure was the highest since September 2019. Annual inflation reached 42.6 percent in March. Prices have now risen 12.4 percent in the first quarter.

Moody’s changes banking system outlooks to stable in Argentina, Paraguay and Panama

Moody's changes banking system outlooks to stable in Argentina, Paraguay and Panama. Outlook change to stable from negative was prompted by improving operating conditions in Paraguay and Panama. The outlook of Argentina’s banking system was also changed to stable from negative driven by banks’ relatively strong fundamentals, despite increasingly challenging operating conditions.

Argentina reinstates beef exports registry

Argentina's government created a registry of beef exporters among other measures to curb under-invoicing, which authorities fear has been going on for a while now. The announcement was made by the Office of the Cabinet Chief (Santiago Cafiero). The goal is to improve the monitoring of beef exports and the supply to the domestic market, the government said in a statement.

Argentina exports 128.8 million litres of Malbec wine to 119 countries in 2020

Argentina exports 128.8 million litres of Malbec wine to 119 countries in 2020Malbec is Argentina's flagship grape variety and, therefore, the most cultivated in the country. Its production increased 52% from 2010 to the present. Last year, 128.8 million litres were exported for all its categories, equivalent to $373.04 mn. Malbec accounted for 45.87% of total exports, and during 2020 119 countries received at least one shipment.