What's New! Argentina has achieved a fiscal surplus, which is shocking!
According to reports, Argentina's diplomatic environment is getting better and better, and recently Britain revealed that British Foreign Secretary and former Prime Minister David Cameron had a brief exchange with Argentina Milley at the Davos Forum. On behalf of Great Britain, Cameron prepared more favorable conditions for Argentina, with a view to diverting Argentina's attention and forgetting about the Falklands dispute by economic means.
The General Administration of Customs of China has included Argentine wheat in the enterprise** quarantine registration system, marking the first time that China has agreed to receive Argentine wheat. As early as May 2023, China approved the import of Argentine corn, and at the third Belt and Road Summit in October, the Argentine Ministry of Agriculture, Fisheries and Animal Husbandry signed a series of memorandums with the General Administration of Customs. Argentina's agriculture ministry reported that the pace of pre-sale of wheat by Argentine farmers remained accelerated in the fourth quarter of 2024. As of Jan. 24, Argentine farmers sold 6.85 million mt of 2023 24 wheat, up 410,000 mt from a week earlier. For comparison, sales were 6.94 million tonnes in the same period last year and 350,000 tonnes last week.
Milley has a good turnaround! I hope that Argentina can continue to maintain this momentum and lay a solid foundation for future economic development!