Soybean producers still hold 16.4 million tons of the oilseed valued at about $8 billion. The decrease of temporary retentions to soybean did not achieve the results expected by the government and despite the extreme need to count with the dollars that this sector can generate, for the moment the economic cabinet discards to advance with the implementation of new measures that encourage the liquidation of grains.
Day: October 21, 2020
Primary deficit reached $2.15 bn in September
According to data from the Ministry of the Economy, primary spending rose by 71.6% year-on-year in nominal terms, while income increased by 34.3%. This dynamic corresponds to the enormous transitory fiscal effort in an exceptional context of the pandemic, necessary to implement measures for the care of families, employment, production and to compensate for the fall in revenue of the provincial administrations
YPF agrees with Exmar NV contract cancellation that will save $800 mn in 10 years
YPF reached an agreement with the Belgian group Exmar NV to cancel a gas liquefaction agreement and will save about $800 million over the next ten years. YPF will pay a total of $150 million as compensation for the annulment of the contract with EXMAR. The first payment was $22 million, and the rest will pay in 18 monthly instalments.
Nuclear power generation reaches 7.9 mn megawatts per hour (MWh) in 2020
Nucleoeléctrica Argentina, operator of the Atucha I, Atucha II and Embalse power plants, generated 7,947,430 megawatts per hour (MWh), from January 1st to September 30th of this year. A historical record of annual electricity generation of nuclear origin, three months before the end of 2020. So far, the energy generated in 2020 has saved the emission of approximately 5,058,677 tons of CO2.
Mastellone invested $20 mn in a new transparent bottle
Mastellone, the owner of the brand La Serenissima, made an investment of u$s20 million for the purchase and installation of a new packaging line. This technology will allow her to revalue the consumption of fresh milk through a brand new transparent bottle, the iconic packaging for milk. La Serenissima becomes the first company to offer milk packed in transparent bottles that are recyclable.
The price of soybean rose in Rosario accumulating profit of 14.7% in October
While the reduction of export duties from 33 to 30% for soybeans ordered by the government is in full force, the oilseed was again negotiated on the rise today at the Rosario Stock Exchange (BCR), where buyers raised their proposals from 320 to 327 dollars per ton available, a value that was 14.7% higher than the one in force in the last business round in September, of 285 dollars.
