Yerbatera production alarm: more than 30% fell in the first quarter of the year
The Yerba Mate Production registered one fall greater than 30% In the first quarter of 2025, compared to the same period of the previous year, which represents a Historical minimum for the sector.
Corrientes and Misiones, main provinces of Yerba, presented an unusual activity since Many producers decided not to reap Because they are not economically viable.
As they explained, current green leaf prices are around $ 230 and $ 300 per kilo and with that They do not cover production costs.
The situation worsens due to the payment conditions of buyers, which are specified with deadlines of 60 to 90 days or in payments of up to 12 installments without interest.
As for Exportsso far this year were also recorded falls between 15% and 16%.
In Brussels, the cut is cheaper than in Buenos Aires
A photo of a board in Belgium and a ticket in Buenos Aires lit the debate on social networks: Argentine coffee is the most expensive in the region, as consumers showed.
The comparison between the prices of a coffee in Brussels and in the center of the city of Buenos Aires revived the debate on the Living standard cost in Argentina. A series of viral posts in social networks, headed by the user “Gladiator Merval”, evidenced that a hot drink can cost less in Europe than in the capital of the country, where The minimum salary is found in a floor similar to the convertibility crisis in 2001 And it is one of the lowest in Latin America: 254 dollars.
“Cheaper coffee in Brussels than in Buenos Aires,” the financial influencer wrote when publishing the image of a château Modrne bar, in Belgium. There an espresso costs 2.5 euros, a capuccino 3.5 euros and the minimum salary is around $ 2200.
The counterpart that unleashed criticism: a consumption ballot in the classic Buenos Aires bar “the ideal”, where an Italian capuccino cost 14,500 pesos ($ 12.35 at the MEP change at that time).
A copper megayacimiento in San Juan
Companies Lundin Mining Corporation y BHP They announced that within the framework of their project Filo del Sol, Located in the province of San Juan, they made “The greatest discovery of copper in unconventional deposits of the last 30 years.”
Jack Lundin, president and executive director of the Minera, stressed that “the initial mineral resource has highlighted the potential for one of the open -pit copper projects without developing from greater law in the world and one of the biggest gold and silver resources worldwide. Filo del Sol and the Vicuña district are ready to become a world -class site that will support a world -renowned mining complex. ”
Vicuña Corp is a 50/50 joint agreement between Lundin Mining and BHP and has the Filo del Sol and Josemaría projects. “The proximity of the Filo del Sol and Josemaría projects allows greater economies of scale, shared infrastructure and greater flexibility for gradual expansions that support a world -renowned mining complex”, Explained the official part.
Tariffs: USA hit the table and put conditions
An envoy from the United States government was in Argentina to analyze the Tariffs To imports announced by President Donald Trump, as transcended. The emissary met in Buenos Aires with government officials and businessmen. The visit was to monitor the progress of the measures required by the White House in relation to the 10% reciprocal tariffs that apply to the country.
The envoy in question is Robert Garverickthe Undersecretary of Policy and Commercial Negotiations of the State Department. According to the transcended, Argentina and the United States 50 products or some more products would be exempted reciprocally, lowering tariffswhich had the approval of Mercosur at the last Friday’s meeting of the Foreign Affairs of the block at the San Martín Palace.
The reduction of zero tariffs is the counterpart of a request from the United States, whose government has been operating according to the logic of hit hard and then negotiate. In the Argentine case, the level of ease to achieve prerogatives is extreme, given the dependence of the national economy of IMF.
More funds for the provinces
After traveling a 2024 recessive for provincial finances, in April of this year the automatic transfers of the national State to the provinces showed an increase in 9.8 percent In real terms, according to a report from the Argentine Political Economy Center (CEPA).
-According to the study, resources of national origin (RON) explain on average 54 percent of the income in each of the provincial states. They rose almost 10 percent real, considering 3.1 percent inflation for the month analyzed.
Tax collection to Earnings -After the restitution of the tribute to the fourth category- he pushed the upward number with a growth of 32.5 percent compared to the previous year. However, The interannual increase does not compensate for the fall of April 2024 (-35.1 percent).
Less taxes for those who have the most
The national tax collection reached 13.7 billion pesos in April, which represents a nominal increase of 57.9 percent compared to the same month last year. This was reported by the Customs Collection and Control Agency (ARCA), which also specified that in the accumulated of the first four -month period of the year the total income was 54.9 billion pesos, with a rise of 75.4 percent in nominal terms.
Analyzing for tribute, the collection that fell most in real terms, without taking into account the elimination of the country tax, was that of personal goods, with an estimated decrease in a real interannual percentage according to the Iaraf consultant. That is, the government charges less taxes on the most accommodated sectors.
One of the factors that affected the dynamics of April was the change in the exchange scheme. As of April 14, the Government eliminated the restrictions for human people residents to access the official dollar market.
The VAT aliquot will define each province
The minister of Economy, Luis Caputo, confirmed that the National Government works in a tax reform that will lead to the competition between the provinces for the VAT Aliquot to collect. He also said that the official April inflation measurements are under the level reached in March (3.7 percent). Risked that the April of Indec would give around 3 percent.
“We need the provinces to also adjust the deficit, as the National Government did. How am I going to do it? Through the competition. The VAT rate will be separated between nation and provinces. For example, Nation will continue to charge its part, which is between OY 9.5 points, and that each province decides how much will be the rest that corresponds to them. The one that will be less charged, will surely attract more investments, and there will be companies that will Others according to the tax burden, “Caputo explained.
This measure will require modifying the Copatism Regime, by which the income of national taxes between the provinces is distributed, taking into account the needs of each. The minister’s proposal breaks the criterion of solidarity between jursidicctions in the cast and submits them to a competition between unequal.
More expensive foods in the world
World food prices increased 1 percent in April compared to March, in the midst of commercial conflict over tariffs, according to the United Nations Food and Agriculture Organization Index (FAO).
At the same time, the study revealed that the prices of essential products were increased by 7.6 percent over last year. From the United Nations, they argued that “the increase in cereal price indices, dairy products and meat countered the decrease in sugar and vegetable oils,” indicating that “adjustments in tariff policies of the imports of the United States contributed even more to the upward pressure.”
The indicator said that dairy products had a rise of 2.4 percent in April, while cereals climbed 1.2 monthly and meat, 3.2.
By the weekend, exodus of tourists abroad
during the long weekend for Labor day, the trend of travel abroad continued, mainly to Chile, where people take advantage of the “Cheap Dollar” For clothing purchases and appliances. More than 20,000 tourists crossed from Mendoza through the Paso Cristo Redentor.
According to official data from the Chilean government, the last long weekend received near 165 percent more tourists and hikers who crossed from Argentina and generated an economic impact of 165,183.8 million dollars. The data arise from accounting for only the expenses of those who arrived by land.
In that sense, a recent report from the National Chamber of Commerce, Services and Tourism of Chile (CNC) argues that the growth of direct sales in retail stores during the first months of the year are linked to the influx of Argentine tourists who “take advantage of the favorable exchange rate”.
The closure of the dollar on Monday, May 5
The Blue dollar bounced on Monday to 1205 pesos for sale, according to operators of the Buenos Aires market. The rise of 20 pesos (1.7 percent) took place after a short week in which the informal ticket had backed up 25 pesos. Despite the rebound of the day, in April he accumulated a decrease of 140 pesos or 10.6 percent, in a month marked by the flexibility of exchange controls and the return of the financial bicycle.
The striking fact was that the gap between the Blue and the retail exchange rate offered at the National Bank (1210 pesos) was again on negative terrain per second consecutive wheel. The difference with the wholesale exchange rate, of just 5 pesos or 0.4 percent is also minimal. In the market they followed by possible changes that will arrive in the next few days linked to the illegal dollar.
