Day: Jan 20, 2020

Oversupply affects cotton producer economy

The cotton sector expanded the planted area from 1,800 to almost 8,000 hectares in the 2018-2019 agricultural cycle, focused on partially meeting the demand for raw materials of the Textil TSM S.A. The lack of cash conditioned the purchase of the balance of 45,000 quintals produced, representing more than $3 million. The situation has created liquidity problems for the payment of operating expenses and is committed to the planting of cotton 2020.

Urea plant inactivity affects agricultural producers

The urea and ammonia plant installed in Bulo Bulo (Cochabamba) paralyzed for 72 days. It estimates a loss of $30 million in unrealized sales to customers mainly in Brazil, Uruguay and Argentina with 24,750 tonnes unaccommodated. The Bolivian agricultural sector requires between 10,000 and 20,000 tonnes per year, they are now unprovisioned, and the alternative is to import at much higher costs.

Petrobras announced YPFB gas auction on Brazil border

Petrobras will offer 10 million cubic meters of Bolivian gas per day on the border between the two countries, the director of the National Petroleum Agency (ANP), José Cesário Cecchi, reported yesterday. The company will sell the gas for the purchase price in Bolivia plus a commercial margin of 2.4%.

Bolivia increases fuel imports.

Fuel imports in Bolivia increased by 29% between January and October 2019 compared to the same period in 2018. In value, the increase is 26%. The National Hydrocarbons Agency (ANH) considers biodiesel production a challenge to reduce foreign exchange output by import and diesel subsidy, as well as lower pollution rates generated by fossil fuels.