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beasouviron

Bolivian exports reached $1.4 bn

In February 2020, Bolivian exports reached US$1.4 billion, 8% more than the value recorded in the same period in 2019, and the volume exported grew by 5%. The cost of foreign sales of non-traditional products registered an increase of 6%, while in volume dropped 4%. The growth of the jewellery, sugar and sunflower sectors stands out. Hydrocarbon and mineral exports increased 9% in value and 6% in volume concerning February 2019.

The price of coca leaf raises by more than 100% in Santa Cruz

The department of Santa Cruz is the leading market for coca leaf due to the consumption of more than 9,000 metric tons, according to 2018 data from the United Nations Office on Drugs and Crime (UNODC). Thirty-seven per cent of the national coca leaf production (24,278 metric tons) goes to the region of Santa Cruz. The pound of legal coca leaf for chewing at the Santa Cruz market usually costs Bs 50, but now, in times of quarantine, it is scarce, and the price of the pound varies between Bs 120, 150, 180 and Bs 200.

International oil price raises a favourable scenario for Bolivian gas in Argentina and Brazil

With the price of oil at $30 a barrel, the Vaca Muerta gas fields in Argentina and the Pre-Sal in Brazil are unviable. Faced with a drop in production in Argentina, due to the characteristics of the shale gas extracted from Vaca Muerta, an addendum could be rushed with that country, because the current one is very complacent and disadvantageous for Bolivia. The state will sell gas to Brazil and Argentina for $3 per BTU, the great advantage of the country is the investment in pipelines that it has until these two markets.

The manufacturing industry will lose $17.5 mn for the 25 days of quarantine

When the quarantine ends on April 15, the manufacturing industry will begin to operate with a loss of Bs 121.8 million ($17.5 mn). The National Chamber of Industry (CNI) calculated that during the emergency period, the industrial activity loses Bs 4.8 million ($700,000) per day. Since the sanitary emergency, only 17% of the industries are operating with relative normality; the rest are paralyzed or working at the minimum of their installed capacity.

World Bank supports COVID-19 emergency in Bolivia with $20 mn

The World Bank started to provide financial and technical support Bolivia face coronavirus disease, under an emergency component of an active financing ($300 mn), aimed at the strengthening of country’s health system. The support, totaling US$ 20 million, is focused on attending the immediate and short-term priorities of the health system, including technical assistance to counteract the growth of the virus outbreak in the country.

Pork production decreased 67% in volume and 50% in price

Pork production has decreased by 67% since the emergency began. Also, there has been a drastic drop in producer prices, reduced by 50%. The production dropped from 90,000 tons of meat per month to less than 30,000. The cost of production is between Bs 9 and Bs 10 per kilogram, but the market is only paying Bs 5. Most producers have chosen to sell directly to the consumer by phone orders, at Bs 15.