Bolivian meat production and export to China increase

According to data from the Federation of Cattlemen of Santa Cruz (Fegasacruz), in 2019 it was able to export 3533 tons of meat worth $16.1 million. The number of producers increased from 30,000 to 32,000 last year, with 9.7 million animals across the country. The sector generated an economic movement of $us 500 million during 2019 in the domestic market. Domestic consumption is 200,000 tonnes per year, and 40,000 tonnes of surplus remains for export.

Bolivia renegotiates natural gas contract with Argentina

Bolivia opened technical negotiations with Argentina to amend the fourth addendum of the natural gas export contract signed in 2006 in effect until 2026 to avoid fines for non-compliance. An estimated volume between 12 and 14 million cubic meters per day (MMm3/d). Argentina currently pays an annual average of $6.7 per million BTU for the import of natural gas from Bolivia.

Bolivia exported gold for more than $7 billion in 10 years

In a decade, Bolivia has exported 220 tons of metallic gold worth $7.202 million. Between January and November 2019, exports reached 43.5 tonnes worth $1.542 million. Metallic gold is one of the leading export products in the country, with 19% of total sales abroad. The United Arab Emirates became Bolivia’s third trading partner in 2019 after Brazil and Argentina.

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.

Bolivia’s industry sector proposes freezing national minimum wage at $307

The National Chamber of Industries (CNI) proposed the Government to increase the basic salary by 1.47% and to freeze the national minimum wage at Bs.2122 ($307.06). CNI’s economist explained that the proposal to freeze the minimum wage is because of the lost of competitiveness in Bolivia’s companies, while the increase on the basic salary is be in line with 2019’s inflation.