The price of soybeans in the international market closed yesterday its seventh consecutive day of rising to reach $439.15 per ton, its highest value in six years, a figure that also revalues the local harvest to a record $15.5 billion. It is an ideal scenario for the Argentinean economy that would start receiving the most substantial foreign currency income between March and April next year.
The participation of imports of Argentine origin in Brazil had in October an interannual improvement from 5.45% to 6.45% with a total value of $798.7 million. It is due to the higher demand from Brazil that is being supplied by the Argentine industry.
In the domestic market, the increase in sales is 8.3% accumulated for the first nine months of 2020. Argentina exported a total of 337.5 million litres of wine in the first ten months of 2020, which implies a growth in the volume of 35.7% compared to the same period in 2019. In the world ranking of exporting countries, Argentina went from 11th to 8th place, thanks to the work of the public and private sectors.
In the last 20 years, Merval measured in dollars grew an average of 0.7% per year. The real estate market presents as a safer alternative due to its low volatility and coverage against possible devaluations. The appreciation of the m2 in the last 20 years was an average of 11% per year in dollars. Crowdium is the first Real Estate Crowdfunding platform in Argentina with five years of experience, which allows anyone to invest from 50,000 pesos ($625) in properties and obtain estimated returns of over 10% per year in dollars.
The purchase and sale of real estate in the province of Buenos Aires grew by 1.6% in October compared to the same month in 2019 and by 17.9% compared to last September. The total amounts showed an increase of 23.1% compares with October 2019.