Paraguay and Bolivia suspended the export of bananas to Argentina due to lack of payment

Published 2023년 11월 16일

Tridge summary

Argentine importers owe a total of USD 10 million to Paraguayan producers and USD 12 million to Bolivian producers for recent purchases, leading banana producers from both countries to stop sending fruit to Argentina until the debts are settled. The conflict has directly affected 2,500 families and has paralyzed the value chain. Importers in Argentina are also facing difficulties in accessing dollars to pay for their purchases, leading to tensions in production chains and strained relationships with foreign suppliers. The external debt of Argentine companies for commercial loans and advances has been steadily growing for over a decade.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The slow release of dollars for import processes continues to generate problems for Argentine importers. Banana producers from Bolivia and Paraguay announced that they will stop sending fruit to Argentina until the million-dollar debts that local importers owe for purchases made in recent months are regularized. In total, national companies owe USD 10 million to Paraguayan producers and about USD 12 million to Bolivian producers. The USD 10 million debt held by Argentine importers is concentrated in three regions of Paraguay. These are Caaguazú, San Pedro and Cordillera. Meanwhile, the USD 12 million owed to Bolivia are for productions from the Cochabamba region. As the spokespersons for the conflict explained to the media, the decision not to sell more bananas to Argentina is not only a commercial decision. In total, they say, there are 2,500 families directly affected and the value chain is paralyzed, with many difficulties in continuing to function without receiving the ...

Source: Infobae