Argentine farm exports rose to $1.52 billion in February, a 64% jump from the same month last year, oilseed industry and grains export chamber CIARA-CEC said.The surge in sales, also up 22% versus the previous month, comes as President Javier Milei devalued the peso currency by more than 50% after taking office in December, in a boost to agricultural shipments.Grain exports are key for Argentina as they bring in foreign currency as it battles an economic crisis, with depleted central bank reserves and annual inflation topping 250%.
March 1, 2024
SOURCE: NASDAQ
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