Argentina: Not even mate is saved, yerba exports fell to record levels since 2016

Argentina is the world's leading producer and exporter of Yerba Mate, accounting for 60% of the global market, although domestic per capita consumption is also high and a large percentage of what Misiones and northeast Corrientes produce is absorbed. Brazil is responsible for 30% of world trade and Paraguay for the remaining 10%, which shows the importance of South America in the international market for this product. However, the export dynamics of Argentine yerba mate has decreased in recent years. The year 2023 began with a low rate of external shipments, both in value and quantity, according to the latest report from the Rosario Stock Exchange. If only the month of January is taken into account, 0.73 million kilograms of yerba mate were exported, which is equivalent to almost 2 million US dollars accounted for at FOB prices, according to what the National Institute of Statistics and Censuses reports ( INDEC). In turn, if the foreign exchange earnings of the first two months of ...