Sancor Seguros invested $2 million in an agrotech

Agree is an Argentine agrotech that seeks to streamline and empower the agri-food community. The Argentine company, founded in 2017, is dedicated to providing technology solutions to accelerate the digital transformation of agribusiness and received a $2 million contribution from Sancor Seguros as the closing of its Series A investment round.

The use of electronic money in all its variants grew by 9.1%

One year after the coronavirus pandemic outbreak, Argentines are already in the habit of using their money digitally through the multiple channel options made available by the financial system. The use of electronic money increased 43% in the number of transactions adjusted for inflation, while the use of all channels as a whole increased by 9.1% compared to a year earlier.

Construction improved 22.7% year-over-year

The recovery in construction continued at a steady pace in February, when it recorded its third consecutive increase of over 20% year-on-year. The Synthetic Indicator of Construction Activity (ISAC) increased 22.7% year-on-year, according to the INDEC, thus registering its fourth consecutive increase after twenty-six months of decline.

Due to low yields, soybean harvest estimated at 43 million tons

The results at harvest are below expected yields and even below historical averages. The production projection was adjusted to 43 million tons, one million tons less than the last publication and two million tons less than expected. Compared to the previous season, the decline is even more pronounced. In the 2019/20 cycle, Argentina produced 49 million tons, 12% more.