Argentina exported an estimated crop of 220 tons of Chandler walnuts to Italy and Spain from the Uco Valley, a producing area where a drying plant was installed with an investment of $2.1 million to market these high-quality nuts to Argentina and the world. It is the second export after the 100 tons shipped last year.
Argentina exports 128.8 million litres of Malbec wine to 119 countries in 2020Malbec is Argentina's flagship grape variety and, therefore, the most cultivated in the country. Its production increased 52% from 2010 to the present. Last year, 128.8 million litres were exported for all its categories, equivalent to $373.04 mn. Malbec accounted for 45.87% of total exports, and during 2020 119 countries received at least one shipment.
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%.
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.
Industrial production recorded a 1.6% increase in February compared to the same period in 2020 and completed a positive streak of four consecutive months. The manufacturing sector is already operating 3% above pre-pandemic levels.
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.