Month: August 2020

The export of seeds generates between $150 mn to $350 mn per year

Argentine agribusiness is much more than the export of food, grains and by-products: knowledge and technology play a crucial role that even today is already at the forefront of the export market. The seed industry positions Argentina as a supplier of soybeans to the northern hemisphere. According to projections, off-season seed exports -generally to the United States- generate a foreign exchange of between $150 and $350 million per year.

Dario Martinez assumes today as the new Secretary of Energy

The current president of the Energy Commission of the Chamber of Deputies will leave his position to concentrate on the energy area, which from now on will be under the Ministry of Economy, to provide an integral vision to the energy factor, which affects the macroeconomic stability and the competitiveness of the added value. Martínez will leave the presidency of the Energy Commission of the Chamber of Deputies to take the place of Sergio Lanziani.

The primary fiscal deficit was $2.11 billion in July

The primary fiscal deficit slowed in July compared to previous months’ records and reached 155.52 billion pesos ($2.11 bn), the Economy Ministry reported. Total state revenues grew 16.1% year-on-year and 8.3% in monthly terms. On the side of expenditures, primary spending showed an inter-annual growth of 59.2%.

Shell stations raised their prices to 6.8% in Buenos Aires

Raizen, which manages Shell’s service stations, increased fuel prices to 6.8% in the metropolitan area. Raizen is a joint venture between Royal Dutch Shell and the Cosan Group, with a presence in Argentina since 2018. It has more than 700 service stations, one of the most important refineries in the country and a lubricants plant. According to fuel marketing figures, it is the second-largest company for sale in the country.