On the back of solid growth in exports on record commodity prices, the trade balance in May showed a surplus of $1.62 billion, the highest figure in a year.
Oil production in Neuquén set a new record, reaching 189,199 barrels per day last May, 44.44% more than in the same month of the previous year and 0.96% more than last April. It expects to end the year with 235,000 barrels per day. Gas production figures were also positive, reaching 68.67 million cubic meters per day during May.
Crude steel production recorded in May an advance of 101.3% year-on-year, with a volume of 391,100 tons more than in the period in which the social isolation measures due to the coronavirus had the most significant impact, informed yesterday the Argentine Steel Chamber. Concerning last April, steel production showed an improvement of 12.9%.
The Argentine subsidiary of Simplot, a multinational company that produces frozen potatoes and has become one of McDonald's leading suppliers worldwide, made a $20 million investment in its plant in Luján de Cuyo, Mendoza. It projects to produce in 2021 ninety thousand tons of french fries, with a billing close to $100 million, an increase that doubles the values of 2020.
The dairy company Mastellone Hermanos confirmed the exchange of Negotiable Obligations launched at the beginning of this month, successfully concluded, and that it was able to refinance debt for $162 million up to 2026.