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Argentina: Alarming picture for the regional economies

The vice president of Argentina’s Rural Society (CRA), Daniel Pellegrina, said the regional economies were in a crisis and could not market their products as they can’t cover the costs to harvest the crops.

Pellegrina drew a bleak analysis of the productive activities and said there was no need to ask if they were going to strike, on their second day, because activities had stopped the eve before the cease of marketing, driven by three of the four bodies integrating the Liaison Bureau, began.

The Argentine Rural Confederations, Argentina’s Rural Society and Coninagro released a statement in which they said the regional economies situation was alarming.
 
They stated that "since 2006, the wheat producers are in a captive market, where the exporters and the millers didn’t compete for their product."

Meanwhile, pear and apple producers only receive, for their production, 62% of what it costs them to harvest their products. They also stated that 25% of the national production of pears and apples was going to stay in the fields.

The citrus sector is facing an adverse international and local scene because the international demand has been affected by the devaluation of buyers markets like the European Union, Russia and Brazil.

Garlic producers are suffering a sharp contraction in sale prices of around 30 percent as well as the negative effects of the inflation, the tax burdens and loss of international competitiveness.




Source: Terra

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