Argentina Crop-Science Firm Eyes Agriculture Boom Under Milei [BNN Bloomberg (Canada)]
Cresud S.A.C.I.F. y A. - American Depositary Shares, each representing ten shares of (CRESY)
US:NASDAQ Investor Relations:
cresud.com.ar/?language=en
Company Research
Source: BNN Bloomberg
Milei devalued Argentina's peso by 54% when he took office in December, boosting revenues for farmers whose soybean, corn and wheat sales are linked to the US dollar. The boon increases the likelihood they'll invest in the seeds, pesticides and fertilizers sold by agribusiness companies like Bioceres. “There's a direct increase in farmers' purchasing power,” Chief Executive Officer Federico Trucco said in an interview. “And when farmers go from a defensive mindset to one where they're looking to maximize production, they invest in more technology and more precise technology like ours — and we can see that partly reflected in our earnings.” Bioceres posted quarterly earnings on Thursday after markets closed that topped analysts' estimates. The company's US shares jumped as much as 8.9% on Friday in New York, the biggest intraday increase since May, before paring some gains. Beleaguered Argentine growers plagued by years of heavy taxation, exports meddling and government hostilit
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News
- Top Argentina CEOs to Heap Praise on Milei at Patagonia Retreat [Yahoo! Finance]Yahoo! Finance
- Argentina Crop-Science Firm Eyes Agriculture Boom Under Milei [Yahoo! Finance]Yahoo! Finance
- CRESUD S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2024 ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- CRESUD S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2024 ended December 31, 2023PR Newswire
- IRSA Inversiones y Representaciones S.A announces its results for the second quarter of Fiscal Year 2024 ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
CRESY
Sec Filings
- 4/19/24 - Form 6-K
- 4/10/24 - Form 6-K
- 3/22/24 - Form 6-K
- CRESY's page on the SEC website