Argentina said its total monthly tax haul had jumped 43.9% in October versus the same period the previous year, an unexpected boon amid an otherwise debilitating economic recession. The country´s economy ministry said the top South American grains producer had collected $8.197 billion in October, attributing the sharp spike to the gradual recovery of economic activity and stabilizing prices.
Argentina announced that next week it will tender Treasury bonds in U.S. currency totaling $750 million and that they can be purchased with debt securities nominated in local currency. As reported by the Ministry of economy in a statement, the tender for the conversion of the titles will be held next Monday 9.
Argentina will see a slight rise in chicken meat production and exports in 2021 due to increased demand and a return to economic growth nationally and globally. 2020 chicken meat production is forecast at 2.195 mmt, a 0.87% increase from 2018. Due to the Covid-19 pandemic, large poultry companies have altered their operations so that plants can operate with 20% fewer personnel at any time, while still maintaining production. The industry could reportedly produce up to 10% more chicken meat on the current production base if needed.
Argentina could obtain 25 million doses of the Russian Covid-19 vaccine "Sputnik V" between December 2020 and January 2021, President Alberto Fernandez told Russian media. "They would be in a position to give us 10 million of each of the two doses (required). We can have them here in December, and in the first days of January we could have, they tell me, 15 million more doses," Fernandez said.
A wheat variety genetically modified to be drought resistant has been approved by the country of Argentina, making them the first country in the world to approve GMO wheat. Frayne Olson, crop economist and marketing specialist with the North Dakota State University Extension says it is too early in the approval process to see how the new variety — HB4 — will affect international, national and regional wheat markets. Ultimately, that's due to there not being any approval from importing countries thus far.