2019 Could Continue Challenging Argentina’s Ag Sector

While fourth quarter sales figures had not been released as of this writing, it’s clear that 2018 was a challenging year for the Argentinian agricultural machinery industry. Reportedly, some companies were unable to meet their payrolls in December. One of the major problem during the year was the currency devaluation that reached nearly 100%, coupled with an inflation rate that surpassed 35%. As a result, the country’s Central Bank raised interest rates to more than…

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