Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Jonathan Gilbert
La Niña effects surprise Argentine farmers
A La Niña weather pattern that wreaked havoc on Argentina’s farms just two years ago was expected to be kinder this time around. But as the growing season gets under way, a long bout of dry weather is emerging again. Growers are struggling with an incipient drought and need rain in the coming weeks to avoid losses to soybean and corn crops. La Niña, which typically brings dryness to Argentina, is suddenly on the lips of farmers across the prime growing belt.
Investing in Argentina: Javier Milei seeks US$50 billion with long-term incentives
5 hours ago Mayhem in Moz - Part 2: Then came ISIS (and where is AFRICOM?) Still reeling from the “tuna bond” corruption scandal, at least Moz had prosperity to look forward to – thanks, in part, to that bumper gas find. As … 4 hours ago This is officially the best steak in the world If you take your steak super seriously, you’re going to want to read (and also eat) this.
High Court Sets Back Bunge Rescue of Argentina Soy Exporter (1)
A ruling by a high court has set back a distressed takeover by Bunge Global SA of Vicentin SAIC, once the crown jewel of Argentina’s massive soybean-processing industry. Five of the six judges in the supreme court of Santa Fe province — where family-run Vicentin filed for bankruptcy protection nearly five years ago after a $1.5 billion default — ruled on Tuesday to take on a complaint by a hostile creditor.
Leafhopper swarms threaten Argentina crops
Argentina corn farmers had high hopes for this season’s harvest after near-perfect weather conditions ended years of drought. A record crop would also bode well for President Javier Milei’s plan to turn around the nation’s embattled economy. Now a bug is getting in the way. Corn farmers are seeing their fields ravaged by a plague of leafhopper insects. The infestation is slashing production potential for the world’s third-largest exporter of corn just as harvesting gathers speed.
Crops Get Cheaper on Argentine Currency Plunge
(Bloomberg) -- Prices for grains slid after Argentina, a major supplier, devalued its currency in a move that could encourage farmers to sell more of their crops into global markets. Wheat futures for March delivery lost as much as 3% on the Chicago Board of Trade. Corn and soybean contracts with similar maturity dates fell as much as 1.6%.
Crops Get Cheaper on Argentine Currency Plunge
Prices for grains slid after Argentina, a major supplier, devalued its currency in a move that could encourage farmers to sell more of their crops into global markets. Wheat futures for March delivery lost as much as 3% on the Chicago Board of Trade.
Argentina running out of soy adds to next president’s economic woes
The road that leads to some of Argentina’s largest ports and soybean processing plants is usually filled with 2,000 trucks every day at this time of year. On a Tuesday afternoon late last month, there were only a handful. After the worst drought in six decades left the world’s largest exporter of soy products with the smallest crop in nearly 25 years, farmers are running out of the very commodity that fuels Argentina’s economy.
Argentina Running Out of Soy Adds to Next President’s Economic Woes
(Bloomberg) -- The road that leads to some of Argentina’s largest ports and soybean processing plants is usually filled with 2,000 trucks every day at this time of year. On a Tuesday afternoon late last month, there were only a handful. After the worst drought in six decades left the world’s largest exporter of soy products with the smallest crop in nearly 25 years, farmers are running out of the very commodity that fuels Argentina’s economy.
On Argentina’s Pampas, Farmers Are All In on Libertarian Milei
(Bloomberg) -- Daniel Calaon is like most farmers on Argentina’s fertile plains — a fan of the libertarian maverick Javier Milei and his pledge to unleash the free market and rescue the country’s beleaguered agriculture industry.
Argentine Soybean Processor At Risk If $1.3 Billion Rescue Deal Rejected - BNN Bloomberg
(Bloomberg) -- The firm that was once the crown jewel of Argentine soy processing risks going out of business altogether if a $1.3 billion rescue deal is rejected. Vicentin SAIC, which has been battling an Argentine court to get the plan approved, would struggle to survive if it’s forced into a process allowing other parties to put forward proposals to secure its future, said Estanislao Bougain, a board member.
Presidential Front-Runner Would Unshackle Argentine Farming, Oil
The shock front-runner in Argentina’s presidential election, libertarian Javier Milei, would strip out state intervention from the country’s giant farming industry to unleash an export boom. Free-market devotee Milei vowed to quickly dismantle policies that have held back agricultural investments this century. He would unify foreign exchange rates, scrap export taxes and quotas and remove direct meddling in food prices.
Presidential Front-Runner Would Unshackle Argentine Farming, Oil
The shock front-runner in Argentina’s presidential election, libertarian Javier Milei, would strip out state intervention from the country’s giant farming industry to unleash an export boom. Free-market devotee Milei vowed to quickly dismantle policies that have held back agricultural investments this century. He would unify foreign exchange rates, scrap export taxes and quotas and remove direct meddling in food prices.
Presidential Front-Runner Would Unshackle Argentine Farming, Oil Original
The shock front-runner in Argentina’s presidential election, libertarian Javier Milei, would strip out state intervention from the country’s giant farming industry to unleash an export boom. Author of the article: Bloomberg News Jonathan Gilbert Published Aug 17, 2023 • 3 minute read A worker operates a combine harvester to cut through a field of soybean plants at a drought-affected farm in San Jose de la Esquina, Argentina, on Thursday, April 6, 2023.
Presidential Front-Runner Would Unshackle Argentine Farming, Oil
(Bloomberg) -- The shock front-runner in Argentina’s presidential election, libertarian Javier Milei, would strip out state intervention from the country’s giant farming industry to unleash an export boom. Free-market devotee Milei vowed to quickly dismantle policies that have held back agricultural investments this century. He would unify foreign exchange rates, scrap export taxes and quotas and remove direct meddling in food prices.
Cash-Strapped Argentina Needs Rain Now to Save Crops From Drought
(Bloomberg) -- Argentina’s farmers need precipitation to arrive within the next three weeks to stand any chance of emerging from a disastrous drought that has shriveled harvests and slashed agricultural exports.
Argentina's drought: the weather is taking the economic crisis to a new level
By Patrick Gillespie and Jonathan Gilbert Argentina’s record drought is worsening inflation and driving the peso to new lows, undermining the ruling party ahead of October’s presidential elections. This could represent a dramatic change in the country’s political direction. The International Monetary Fund cut its growth outlook for South America’s second-largest economy on Tuesday (11), as analysts warn that drought will cause a deep recession.
Argentina's epic drought is pushing economic crisis to new extremes
The drought is worsening an economic situation that was already untenable. Amid rapid money printing, political infighting and the government's inability to tame deficits, annual inflation has shot up past 100%. The peso has lost two-thirds of its value since the onset of the Covid pandemic, and that's even with myriad currency controls.
Argentina’s worst drought in decades fuels recession
The country depends on agricultural export revenues to shore up hard-currency reserves 09 March 2023 - 18:36 Argentina’s looming recession will be deeper than first expected as one of the worst droughts in recent memory ravages crucial farm exports. GDP in South America’s second-largest economy, which desperately needs US dollars, will shrink 3% in 2023, worse than the previous forecast of a 1.5% contraction.
Argentina’s Worst Drought in Decades Lands Fresh Blow to Economy
Recentquotes Bloomberg — Argentina’s looming recession will be deeper than first expected as one of the worst droughts in recent memory ravages crucial farm exports. Gross domestic product in South America’s second-largest economy, which desperately needs US dollars, will shrink 3% this year, worse than the previous forecast for a 1.5% contraction. That’s according to new forecasts by Itau Unibanco Holding SA and Buenos Aires-based consulting firm EconViews.
'Dead Cow' awakens as pipelines revive Argentina's shale hopes
While Argentina's energy industry has seen its fair share of false dawns in recent years, construction of the pipeline is an irrefutable step toward a much-cherished goal of cutting the country's dependency on fuel imports - and perhaps even regaining the status it held 20 years ago as a key energy exporter.
‘Dead Cow’ awakens as pipelines revive Argentina’s shale hopes
BUENOS AIRES (Feb 28): In a windswept desert southwest of Buenos Aires, black steel tubes the length of school buses extend in a line toward the horizon. The scene is the clearest sign yet that one of the world’s biggest shale plays finally has a shot at living up to its promise.
Disappearing ‘Asados’ Show Global Beef Demand Is Under Pressure
Recentquotes Bloomberg — The world’s consumers have been cutting back on meat eating since the early days of the pandemic. In 2022, the demand hit came for beef, and even as inflation cools, all signs point to continued pressure this year, especially in some of the world’s most carnivorous nations. It’s not uncommon to see meat buying slide during downturns for the economy.
Soybeans hit seven-month high as drought wilts Argentine crop
/ January 18, 2023 23:27 pm +08 (Jan 18): Soybeans climbed to their highest since June as a devastating drought parched fields in Argentina, the world’s biggest exporter of soybean meal for livestock feed and soybean oil for cooking. Soy futures traded in Chicago gained 0.4% to US$15.465, a fifth straight day of gains. While a La Nina weather pattern is ebbing to usher in more neutral conditions, it’s happening more slowly than expected.
Distressed Argentina Oil Firm Leads Emerging-Market Bond Gains
(Bloomberg) -- Only 14 months ago Argentina’s YPF SA was a nightmare for investors caught out by a $6 billion distressed debt restructuring. Now, in a swift turnaround, the 100-year-old state-run oil company is producing the best fixed-income returns in all of emerging markets. Most Read from Bloomberg Never Had Covid?
Distressed Argentina Oil Firm Leads Emerging-Market Bonds
Author of the article: Bloomberg News Jonathan Gilbert and Scott Squires Article content (Bloomberg) — Only 14 months ago Argentina’s YPF SA was a nightmare for investors caught out by a $6 billion distressed debt restructuring. Now, in a swift turnaround, the 100-year-old state-run oil company is producing the best fixed-income returns in all of emerging markets. YPF has rewarded steely creditors with returns topping 20% this year on some of its notes.
Top Soy Shipper Argentina Halts Meal, Oil Cargoes as Prices Jump
(Bloomberg) -- Argentina has blocked agriculture traders from registering cargoes of soybean meal and oil for export, a move it usually makes before hiking taxes on shipments, amid expectations that the government will seek to tap the global rally in crops.
Argentina's IMF-Backed Subsidy Cuts Are Boon to Power Producers
Energy producers in Argentina are poised to fare best from the South American nation's latest agreement with the International Monetary Fund, analysts in Buenos Aires say. Narrowing the fiscal deficit by reducing government energy subsidies, which climbed to $10.9 billion last year, was a key sticking point in talks.
Argentina Says It Overcame Energy-Fee Hurdle in IMF Agreement
Argentina has hammered out an agreement with the International Monetary Fund over how to handle energy subsidies, presidential spokeswoman Gabriela Cerruti said on Thursday, clearing a key hurdle as the government looks to refinance over $40 billion with the multilateral lender. The country plans to subsidize homes based on their income: The richest families will pay market prices, with subsidies kicking in for poorer households, Cerruti said.
Blazes are tearing through northeast Argentina, consuming more land than a typical California wildfire season and threatening a key cattle farming region of this major beef exporter. "I've never seen fires like this," said 81-year-old rancher Juan Jose Ramirez, who's spent his life working in the region. Ramirez lost 1,300 hectares (3,212 acres) after a spark from a passing train ignited fields parched by the worst drought in about 70 years.
How China's willingness to work locally beat out the U.S. to dominate South America
In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind turbine from a Chinese company with an inscription in English and Mandarin: “Create Our Future Together.” Pizarro, 62, is the energy secretary of Jujuy, a province high in the Andes that borders Bolivia and Chile.
Curbing Argentina’s US$11-billion energy bill key for new IMF deal Original
Argentina’s agreement with the International Monetary Fund has several unknowns but one thing is clear: for it to succeed, the government will have to unwind a politically sensitive strategy of spending billions on energy subsidies.
Drought Could Trim a Third of Argentina's Economic Growth This Year Original
Dryness that's parching soybeans and corn across Argentina's Pampas crop belt will shave $4.8 billion off the nation's gross domestic product this year, according to one of the first analyses of the economic impact of the drought.
Argentina takes axe to soy forecast, outpacing USDA's reduction Original
A drought that's devastating crops across South America has prompted swift cuts to forecasts for the soybean harvest in Argentina, the world's biggest exporter of soybean oil and meal. The Rosario Stock Exchange has cut its estimate for the crop by 11 percent to 40 million metric tonnes, well below the US Department of Agriculture's (USDA) monthly forecast, which on Wednesday was lowered by about six percent to 46.5 million.
South Atlantic Oil Is Newest Crusade of Argentina Green Movement Original
Author of the article: Bloomberg News Jonathan Gilbert Article content (Bloomberg) — Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining. The government has been lobbying the case for drillers to search for oil in the Atlantic Ocean ever since protests last week in the coastal city of Mar del Plata that brought climate concerns to the fore.
Deepwater oil targeted by Argentine activists who quashed mining Original
Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining. The government has been lobbying the case for drillers to search for oil in the Atlantic Ocean ever since protests last week in the coastal city of Mar del Plata that brought climate concerns to the fore. The high-profile rally came right after a big victory for Argentina’s green movement.
South Atlantic Oil Is Newest Crusade of Argentina Green Movement
Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining. The government has been lobbying the case for drillers to search for oil in the Atlantic Ocean ever since protests last week in the coastal city of Mar del Plata that brought climate concerns to the fore. The high-profile rally came right after a big victory for Argentina's green movement.
Deepwater Oil Targeted by Argentine Activists Who Quashed Mining
(Bloomberg) -- Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining.
Pan American Silver Soars After Long-Awaited Argentina Approval
New York-traded shares of Pan American Silver Corp. jumped as much as 8.6%, the most since May, after provincial lawmakers in Argentina paved the way for the company's $1 billion Navidad silver mine. Lawmakers in Chubut on Wednesday voted in favor of a zoning law allowing mining in the Gastre-Telsen zone of the province, where the Vancouver-based company has been planning to dig for silver.
La Nina Is Set to Deliver Drought to Argentina's Soybean Crop
La Nina is set to wreak havoc during Argentina's upcoming summer, when soybean and corn plants will be growing across the Pampas farm belt. Precious little rain will fall in January and February across much of the key growing region because of the weather pattern, according to maps in a Buenos Aires Grain Exchange report. Dryness curbs plant yields and, in turn, crop production in the South American nation.
La Niña is set to deliver drought to Argentina's soybean crop
La Niña is set to wreak havoc during Argentina’s upcoming summer, when soybean and corn plants will be growing across the Pampas farm belt. Precious little rain will fall in January and February across much of the key growing region because of the weather pattern, according to maps in a Buenos Aires Grain Exchange report. Dryness curbs plant yields and, in turn, crop production in the South American nation.
Jujuy Province is in talks for new lithium projects
Jujuy, the Argentine province that forms part of South America's so-called lithium triangle, is in talks with four potential global partners to develop new brine deposits, Felipe Albornoz, president of provincial energy and mining company Jemse, has revealed in an interview. Jemse, which has high-altitude acreage, is in talks with companies from Australia, China and Canada. At least one of these companies has an interest in electric vehicles and is looking to secure lithium supplies for batteries.
Argentine province woos investors for potash project
Argentina’s Mendoza province is in talks with some of the world’s top producers of potash to revive a mine that requires an investment of $5bn. Mendoza — better known for its exports of Malbec wine than its vast mineral wealth — took over the Rio Colorado potash project several months ago after years of wrangling with Vale. The Brazilian company pulled the plug in 2013 after spending $2.2bn to build almost half the mine.
Argentina's 'Dead Cow' gas may win out from Brazil's drought
The drought in Brazil is offering a lifeline for Argentine gas drillers, just as the high-demand winter season ends. While the drought is wreaking havoc on agricultural exporters facing the shallowest levels of the Paraná River since the 1940s on the key shipping lane, power producers could boost exports to Brazil, while low reservoirs they mine hydroelectric power. That could be a boon for the country's gas drillers, even in Vaca Muerta, the world's second-largest shale formation.
Billionaire-Owned Driller Buys Sinopec Assets in Argentina
Advertisement This advertisement has not loaded yet, but your article continues below. Author of the article: Bloomberg News Carolina Millan and Jonathan Gilbert Article content (Bloomberg) — Argentina’s Compania General de Combustibles SA has acquired the local unit of China Petroleum & Chemical Corp., turning the billionaire-owned driller into a top-five oil and gas producer in the South American country.
Latin Steelmakers See Opportunity to Replace Cheap China Imports
(Bloomberg) -- Blast furnaces from Mexico to Argentina want to mitigate Latin America’s increasing dependence on Chinese steel, and a push by the Asian giant to clean up its own industry could be just the catalyst. As output from China’s vast steel sector soars, Beijing is looking to temper the market via pollution controls and capacity cuts.
Siemens Energy Swarmed by Countries Wanting Wind-Turbine Plants
Jun 16 2021, 2:47 AMJun 16 2021, 3:18 AMJune 16 2021, 2:47 AMJune 16 2021, 3:18 AM (Bloomberg) -- Siemens Energy AG is overwhelmed with requests to build turbines in countries that are tapping wind resources but concerned about global supply chains or insistent on broadening the local economic benefits of renewable power.
Australia-China Spat Opens Door for Grain Rival Argentina
1 / 2 Australia-China Spat Opens Door for Grain Rival Argentina (Bloomberg) -- Farmers in Argentina are pouncing on a trade feud between grain rival Australia and voracious crop buyer China. Argentine growers are set to expand barley plantings by 28% this year after China slapped tariffs on Australian exports of the grain used in livestock feed, one of a slew of similar restrictions imposed by Beijing amid souring relations.
Australia’s Spat With China Opens Door for Grain Rival Argentina
May 05 2021, 2:38 AMMay 05 2021, 3:00 AMMay 05 2021, 2:38 AMMay 05 2021, 3:00 AM (Bloomberg) -- Farmers in Argentina are pouncing on a trade feud between grain rival Australia and voracious crop buyer China. (Bloomberg) -- Farmers in Argentina are pouncing on a trade feud between grain rival Australia and voracious crop buyer China.
Soy-Shipping Turmoil Deepens With Argentine Minister’s Death
Apr 29 2021, 10:00 PMApr 29 2021, 10:31 PMApril 29 2021, 10:00 PMApril 29 2021, 10:31 PM (Bloomberg) -- Argentine farmers struggling to ship their crops through increasingly shallow rivers may soon face a new obstacle: One of the world’s key soy waterways needs to be dredged, and there’s no firm plan for who will do it.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Jonathan
Contact Jonathan, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack