After more than 50 years, Argentina had to buy millions of kilos of yerba mate from Brazil and Paraguay

Published 2021년 4월 20일

Tridge summary

In 2020, Argentina experienced a significant shortage of its staple beverage, yerba mate, leading to the necessity of importing 10% of both its domestic and international supply. This marks a 900% increase from 2019, the year with the highest imports since 2002, due to declining crops from excessive rainfall and droughts. The importation continued at higher rates in 2021, aided by the fixed exchange rate imposed by the BCRA to combat inflation. The importation of yerba mate from Paraguay and Brazil helped control the rising costs of local raw materials, essential for the production of yerba mate in Argentina. This situation marks the first time since the 1960s that Argentina has relied on imports to meet its demand for this beverage, highlighting the challenges faced by its domestic industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After more than 50 years, Argentina had to import yerba mate in large quantities to producers in Brazil and Paraguay. This is 10 percent of what was consumed in the domestic market and what was exported. According to La Nación, the figure represents an unusual number since it is a market that has always been self-sufficient. It so happens that in 2020, the Argentine yerba mate industry found itself with a very accentuated shortage of raw material stock and had to import millions of kilos of yerba mate canchada. "In total 31 million kilos were imported last year, equivalent to 10% of what was sold to the internal and external market," confirmed Juan José Szychowski, head of the National Institute of Yerba Mate. The number represents an increase of 900 percent compared to 2019, which had already been the year with the highest imports of yerba mate since 2002. "There was a decline in crops in 2018 and 2019 due to excessive rains, also droughts," explained Renzo Klimiuk, a tealero ...
Source: Losandes

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