Inflation Raises Argentina’s Ag Sales Revenue

During the first quarter of 2020, Argentina’s National Institute of Statistics and Census reported that the country registered more sales of agricultural machinery in terms of revenue. Sales during the period were AR$13.07 billion (approx. $596 million), which was 33.6% higher than first quarter of 2019, largely due to the country’s ongoing inflation. 

At the same time, unit sales of farm equipment declined vs. the same period of 2019. Harvesters sold during the first quarter…

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