On February 5th, Russia halted banana imports from five Ecuadorian firms due to health concerns, including the ‘hunchback fly’ in shipments. These firms included Agzulasa and Don Carlos Fruit, among others. Ecuador’s Agrocalidad, under the Ministry of Agriculture, quickly addressed the issue, stating the fly wasn’t a pest and increasing monitoring. By February 16th, Russia’s […]
Related Posts
Argentina’s 2023 Inflation Expected at 185%
Analysts now predict that Argentina’s inflation for 2023 will reach 185%, up from an earlier forecast of 180.7%. The Central Bank of Argentina (BCRA) shared this information. They based this on a recent Market Expectations Survey (REM). This survey included insights from 38 experts. These experts are from consulting firms and research centers, both local […]

Argentina unveils ‘agro-dollar’ strategy to secure US$2 billion amid economic turmoil
Argentina aims to gather US$2bn through the introduction of an ‘agro dollar’, a plan that applies a 340 pesos value to regional exports such as sorghum, barley, sunflower, and corn until the end of August, according to the Ministry of Economy. The introduction of the ‘agro dollar’ is one initiative within a broader set of […]
Latin America’s Inflation Outlook for 2024
In 2024, Latin American countries are expected to see varying trends in inflation. After experiencing inflationary shocks between 2021 and 2022, many countries in the region began moving towards more moderate inflation rates in 2023. Argentina and Venezuela remained exceptions, with significantly higher rates. Central banks across Latin America conducted surveys with banks and consulting […]