Through Resolution 60/2021 published in the Official Gazette, the Ministry of Agriculture has added new requirements to the Regulation for Registration in the Registro Único de Operadores de la Cadena Agroindustrial (RUCA) in order to legally carry out trade. The measure covers exports of meat, grains and dairy products and is part of the government's efforts to tame inflation, which last month reached a peak of 4.8% for the year.
Argentina took delivery of a new shipment of Covid-19 vaccines welcoming 864,000 doses from the AstraZeneca laboratory as part of the World Health Organisation's COVAX scheme. The doses, which arrived on a flight from the Netherlands, come from the nine million vaccines acquired by Argentina through the Covax scheme. This is the second shipment, following on from some 218,000 doses received in March.
Argentina is pressing the Paris Club to renegotiate debt with the South American country as separate talks to strike a deal with the International Monetary Fund drag on, La Nación reported, citing Economy Minister Martín Guzmán. Guzmán said that Argentina was working to postpone or refinance upcoming debt payments with the group of wealthy countries to avoid a shock that damages the economy at a time when it is recovering.
The National Institute of Statistics and Census (Indec) released the final data of the 2018 Agricultural Census (CNA-18), in which a total of 221,207 agricultural establishments with a defined limit were registered throughout the country, 25.6% fewer than in the survey carried out in 2002.
Patagonia Gold Corp has entered into definitive agreements to acquire two projects in the Deseado Massif of southern Argentina. Patagonia entered into a definitive option agreement dated April 15, 2021 with Mirasol Resources Ltd. and Mirasol’s wholly owned subsidiary Australis S.A. which grants Patagonia an option to acquire a 75% undivided interest in and to Australis’ rights and interest in the Homenaje project located in Santa Cruz Province, Argentina. Patagonia also entered into a definitive transfer agreement dated April 15, 2021 with the Vendors, which grants Patagonia a 100% undivided interest in and to Australis’ rights and interest in the Nico project located in Santa Cruz Province, Argentina.
Inflation accelerated last month in Argentina at the fastest pace in 18 months, threatening to derail the fragile economic recovery six months before key midterm elections. Consumer prices in Argentina rose 4.8% in March from February, according to the INDEC national statistics bureau. The monthly figure was the highest since September 2019. Annual inflation reached 42.6 percent in March. Prices have now risen 12.4 percent in the first quarter.
Moody's changes banking system outlooks to stable in Argentina, Paraguay and Panama. Outlook change to stable from negative was prompted by improving operating conditions in Paraguay and Panama. The outlook of Argentina’s banking system was also changed to stable from negative driven by banks’ relatively strong fundamentals, despite increasingly challenging operating conditions.
The Argentine government raised Ar$37.80 billion ($407.72 million) after a tender called to raise at least Ar$75 billion ($808.90 million), or just 50.5% of what it was seeking despite having accepted all the purchase bids it needed to pay the financial debt maturing in the next few days.
Argentina's government created a registry of beef exporters among other measures to curb under-invoicing, which authorities fear has been going on for a while now. The announcement was made by the Office of the Cabinet Chief (Santiago Cafiero). The goal is to improve the monitoring of beef exports and the supply to the domestic market, the government said in a statement.
The government admitted that the road blockade in Neuquén, near the Vaca Muerta gas field, will affect gas production for next winter. This will mean importing more supply or burning liquid fuels, which are more expensive and pollute more.