The meat sector has had exports for $14 million in the first four months of 2020 with more than 3,000 tons exported. In 2019, throughout the year, meat sales reached $24 million with 5,300 tons, which makes it predictable that this management will exceed these figures.
Production was reduced by up to 50% due to the closure of 1,500 farms in Cochabamba. This month, 12 million chickens will be produced, not 18 million as usual. That deficit of 6 million chickens will cause the price of chicken to go up. The increase in the cost of chicken benefits the wholesalers more; producers sell the kilogram of chicken between Bs 12 and Bs 13and the traders sell it for Bs 16.
The project of the industrialization of the lithium offering favourable conditions to the investors, it is indispensable to guarantee the democracy and the legal security so that the investor can recover his capital from 2 to 3 billion dollars in a period of 10 to 20 years. The amount of lithium concentrated in the Uyuni, Coipasa and Pastos Grande’s salt flats amounts to approximately 21 million tons, however, for every gram of lithium, there are 19.2 grams of magnesium, making evaporation require further procedures. The ideal is a ratio equal to one.
The soybean harvest reached 1.97 mn tons of soybeans, on an extension of 1.02 mn hectares, obtaining a yield of 1.9 tons per cultivated hectare.
The industry reached an agreement on the payment of the grain with the producers, between $250 and $260 per tone. Planting projections for the winter season are 335,000 hectares of soybean, 110,000 hectares of wheat, 130,000 hectares of sunflower, 90,000 hectares of corn and 450,000 hectares of sorghum. The productive sector of Santa Cruz proposed to the Government to create rules to be able to reprogram short and long term credits, suggesting periods of up to 12 years.
Since February 9 of this year, Petrobras has started importing liquefied natural gas (LNG) from overseas markets and has significantly reduced its demand for Bolivian energy. Even though the price of Bolivian gas exported to Brazil fell in the second quarter to $4.58 per million BTUs, it is still higher than LNG, which costs less than $2 per million BTUs. In April Petrobras imported an average of 10.6 MMm3d of Bolivian gas and an average of 5.6 MMm3d of LNG. In May, it introduced an average of 11.4 MMm3d of Bolivian gas and 5.7 MMm3d of LNG.
Between January and April 2020, external sales of milk recorded a growth of 19% in value and 7% in volume compared with the same period 2019. Colombia is the leading destination in 2019 bought more than 4,000 tons for a cost of $ 13 million. The Department of Santa Cruz was the only milk exporter in 2019.
Crude oil finished virtually unchanged on Friday, with Brent’s barrel for August delivery ending at $38.73 in London, up 0.5% from Thursday’s close. In New York, meanwhile, WTI’s barrel for July delivery dropped 0.2% to $36.26.
The health emergency that the country is going through has generated a new business; the production of biosecurity suits and implements. Cotexco, a company from Cochabamba that before the pandemic produced jeans, indirectly exported up to five thousand chinstraps to Peru. In Santa Cruz, some 600 small companies have begun manufacturing these materials. The internationalization of Chinese production is reducing the only source of income for these business units.
25% of the discotheques, cafes, bars, restaurants and liquor stores affiliated to the Federation of Tourist Activities and Entertainment of Cochabamba (Fatec) have closed during the three months that the quarantine has already lasted. Also, the sector loses five million bolivianos ($718,390) in each month it is not operating, which represents a deficit of almost Bs 15 million ($2.15 mn)