Argentina's private sector foreign debt reached $81.4 billion at the end of June 2020, 5.6% below the $86.1 billion it achieved at the end of the third quarter of 2019. The debt is composed of: exports of goods totalled $5.75 billion, imports of goods totalled $22.91 billion, services $7.57 billion, financial debt with banks and multilateral funds and bond issues amounted to $45.17 billion.
The Indec's consumer price index (CPI) reported a price increase last month of 3.8%, the highest in 2020. In the ten months of the year, the rise in inflation was 26.9%.
Argentina is one of the most relevant countries in production, breeding and dressage of horses. The business leaves a balance of $30 million and generates employment for more than 500,000 people. The country is the fourth-largest producer of purebred racing horses in the world and has two of the five cloning and reproductive technique laboratories in the world, where nearly 8,000 embryos of the Argentine polo breed produced. It is the world's leading producer of horses for this sport. According to official data, Argentina has three million horses. Only in 2019, about 3,000 were exported, for $29 million.
With an investment of more than $10 million, EDES, the electric energy distribution company of Grupo DESA, announced the completion of a series of works, among which is the construction of the General Paz Transformer Station and new medium-voltage lines. These works are part of the so-called Summer Plan 2020-2021.
Bioceres closed an agreement with Arcadia, within a $32 mn investment packageBioceres, through its subsidiary Bioceres Crop Solutions, closed a deal with the US firm Arcadia Biosciences and its licensors. Bioceres purchased exclusive and non-exclusive licenses for a portfolio of 94 patents and patent applications on a wheat-related technology package. The acquisition of these intellectual property assets is part of a $32 million transaction announced by Bioceres Crop Solutions, in which the company also consolidated its position in HB4 Soy and other technologies.