Drought will last until November, warns the CAO

Bolivia's Cámara Agropecuaria del Oriente (CAO) warned that the drought will last until November.The business entity said that the drought period was brought forward by the heavy frosts that were recorded throughout the department of Santa Cruz and generated losses of $240 million in the agricultural sector.

Advertisement

Exports: use of the waterway will lower transportation costs by 18% and save 12 days

Export cargo transportation through the Ichilo-Mamoré waterway, which has access to the Atlantic Ocean, will cost approximately 18 per cent less than the operation carried out by land to Pacific ports. The reduction in transportation costs is because the waterway wi

Lithium: China seeks to participate in the industrialization

The Chinese ambassador in Bolivia informed that his country intends to resume negotiations with Bolivia to share technology to benefit Bolivian lithium industrialization. On April 30, the Government launched an international call for the direct extraction of lithium.

Gas production drops to 43.5 MMmcd, and lower supply in the local market warned

In 2015, 61 MMmcd of gas produced and in 2020, it fell to 43.5 MMmcd. Analyst experts point out that this fact will result in a lower supply of liquids for the local market and more significant gasoline and diesel imports.

YPFB expects revenues of $140 million annually after reactivating the urea plant

The state-owned oil company YPFB estimates annual revenues of between $120 and $140 million once the Ammonia and Urea Plant (PAU) reactivates fertilizer production. The plant's stoppage caused economic damage to the State, quantified at $291.19 million, related to lost profits, stoppage costs, repair of damaged equipment and lack of adequate maintenance.

Reactívate fair achieves $52 million in business intentions

The Fair for the Comprehensive Economic Reactivation for Bolivia 'Reactívate' achieved business intentions for $52 million. A total of 946 companies from all over the country registered for the fair. Source: El Deber

Producers estimate that frost in Pailon left a loss of more than $1 mn

Due to an infrequent frost in the municipality of Pailón, department of Santa Cruz, producers reported crop losses of over $1 million. The climatic effect affected small, medium and large producers.

Government reports 1.2% decline in the financial sector

The government reported a 1.2% decrease in the financial sector as of April 2021 and highlighted the growth of industries such as mining of 34.2% compared to last year.

PIL stopped selling 81 MM litres of milk between 2020 and 2021

Between 2021 and 2021, the PIL industry stopped selling 81 million litres of milk throughout the country due to the entry of contraband dairy products, the fall in exports, low sales in the domestic market and the reduction in the purchase of milk for school breakfast. Given this situation, the industry decided to suspend the collection of 330,000 litres of milk on Sundays and collect only 50 per cent of that amount on Saturdays, affecting 5,000 producers.

Gas shortage jeopardizes the production of 1 million litres of alcohol

The Bermejo sugar mill will have to use firewood and bagasse during the 2021 harvest, even though the state-owned YPFB announced the provision of diesel to solve the shortage in this industry. The lack of gas supply jeopardizes the production of at least 1 million litres of alcohol. For this year, the factory plans to produce 700,000 quintals of sugar. Milling will begin this Wednesday.