Food prices rose 1.3% in the first days of April, after having registered a rise of around 4% in March. It adds to a weekly rate of increase of approximately 1.1% in an almost persistent manner in the last six weeks.
The rise in international commodity prices has led to a reconfiguration of the analysis, and now the government anticipates foreign sales of $70 billion in 2021, an increase of 30% year-on-year. They also expect that the upturn will continue during 2022.
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.
Exports of the soybean complex will exceed $20 billion for the first time this year, a new record, according to a report by the Rosario Stock Exchange. The entity estimated that foreign sales of flour, oil and beans would be around $20.42 billion.
During the last year, the level of public debt increased concerning the Gross Domestic Product. The Argentine State experienced a 14.2% year-on-year increase in public debt to GDP. The ratio reached its highest level since 2004 and reached 103.7%.