Argentina’s government is facing increased pressure on all fronts amid a growing economic crisis. Today, farming lobbies organized a 24-hour halt on sales as part of a protest against diesel oil shortage, one component of an energy crisis that has turned the country’s harvest season into a logistical nightmare.
The protest is still mild compared to past movements, such as the 2008 clash between farmers and then-President Cristina Kirchner — now vice president — which paralyzed activity for months after Ms. Kirchner raised export tax duties.
This time around, President Alberto Fernández is refusing to raise duties again despite pressure from some of his allies.
But the possibility of escalation remains, as farmers are still forced to sell their produce at Argentina’s official exchange rate, near ARS 130 : USD 1, far from the market value of the peso which currently stands close to ARS 300.
While farmers’ inputs (such as diesel oil) are also imported at the official rate, the scarcity has forced many to delve into the far more expensive black markets, leading to increased unhappiness among producers.
The relationship between farmers and the Luiz Inácio Lula da Silva administration is by no…
Pelé, Ronaldo, Zico, Marta … All of Brazil’s truly immortal sporting icons are footballers, that…
Speaking before a Senate hearing on Tuesday, Chief of Staff Rui Costa admitted that Brazil…
New job market data from the Brazilian Institute of Geography and Statistics (IBGE) show the…
Brazil officially had 5.83 million domestic workers in 2022 — almost the entire population of…
Brazil’s Ministry of Health this month announced a purchase of 12.5 million doses of Moderna’s…