Domestic vehicle production reached 34,953 units in May, an increase of 19.2% compared to April and 627.9% over the volume of May 2020. Automakers exported 19,919 vehicles, 25.7% compared to April and 517.3% compared to May of last year.
The Government agreed to a 20 per cent increase in the reference rate for motor freight transportation services of grains, oilseeds, related products, by-products and derivatives under national jurisdiction.
Due to the soybean effect, exporters liquidated $22.87 bn in four months. According to data from the Central Bank (BCRA), in April alone, foreign currency income from foreign trade rose almost 71% compared to last year. The surplus balance for the first four-month period was $6.43 billion.
YPF Luz's Los Teros Wind Farm, located 45 kilometres from the town of Azul in Buenos Aires, added 52 megawatts and reached 175 megawatts of installed power, equivalent to the electricity needed to supply 215,000 homes. The wind farm has 45 wind turbines installed on a total surface of 3,610 hectares, can produce 838 GWh per year and required an investment of $235 million. This renewable, efficient and sustainable energy source will avoid the emission of more than 400,000 tons of carbon dioxide.
The flour and food producer Morixe Hermanos received bids for more than 1,000 million pesos ($10.56 mn) in its first issue of Negotiable Obligations in the domestic capital market. The company was awarded 400 million pesos ($4.22 mn) at Badlar Rate with a 0% spread. Due to the high demand, it had to apply a proration factor of 2.25% and left out more than 600 million pesos ($6.33 mn).