Merval Market Panic & Argentina Commodity Prices

Patrick Archer agribusiness, aruba

Earlier this week when markets were bracing for another triple-digit reversal on the Dow, the local press began to question the degree to which Argentina’s fortunes are tied to such wild fluctuations on Wall Street. Certainly the Merval moved decidedly downward with the Dow, and the sell-off fueled panic definitely triggered a shortage of greenbacks at the Central Bank. (To …

Argentina, Brazil July Trade Tops US$3.5 Billion

Patrick Archer agribusiness, foreign investment, global rankings

Argentina and Brazil may have both been major disappointments in last month’s Copa America, but trade activity between the two nations was anything but disappointing. Bilateral trade between Argentina and Brazil topped US$3.56 billion last month, a 24% increase over July 2010. According to Abeceb.com, Argentina imported US$2.041 billion in goods from Brazil while exporting US$1.525 billion to Brazil resulting …

Best In Show: Uruguay Scores at La Rural Expo In Buenos Aires

Patrick Archer agribusiness, competitiveness, uruguay

“They are going to stop inviting us!” That was the reaction of Uruguay goalkeeper Juan Castillo after his team defeated Argentina in the Quarterfinals of Copa America 2011. The sting of being eliminated from the tournament Saturday night had just begun to subside when Uruguay upset the host nation again and took home another coveted prize: Best in Show at …

Pride, Promos & Politics at 125th Rural Expo in Buenos Aires

Patrick Archer agribusiness, buenos aires events

Today marks the first day of the 125th La Rural Expo in Palermo, the most important cattle and farming expo in Argentina. For the next two weeks, the “campo argentino” takes center stage and everyone from truck makers to politicians want to shake hands and cozy up to some of the most influential people in the AAA, the Argentine Agricultural …

Uruguay To Build New Megaport in Paysandu

Patrick Archer agribusiness, uruguay

The Uruguayan City of Paysandu is on the verge of becoming a Megaport and an engine for regional trade and development, according to Gonzalo Riet of La Republica. The state-owned oil company, Ancap, will spend US$20 million between now and 2013 to modernize the existing cement plant, build a new port in front of the plant, and install a new ethanol …