Inserts:

00:03 Report / Alejandro Rebossio
00:52 David Miazzo / Director of the consulting firm Data Miazzo
01:13 David Miazzo / Director of the consulting firm Data Miazzo
01:36 Rogelio Frigerio / Governor of the Argentine province of Entre Ríos

Script:

Argentine farmers at the Expoagro fair in San Nicolás. Forecasts of a record harvest and better prices are fueling optimism...
But the war in Iran has caused oil prices to rise faster than crop revenues. That's squeezing profit margins for grain exporters—and not just in Argentina.

0.21 Vox pop 1
 “We’re already seeing it reflected in fertilizers, for example, where prices are already rising sharply. And fuel could also be a determining factor here.”

00:30 Vox pop 2
“Any increase in costs will be passed on to prices.

00:34 Vox pop 3
“The shortage of certain grains and other commodities might offset this for us.” 

TC: 00:43 
But Experts believe the sector won’t be able to offset the rise in fertilizer prices.

0:50 David Miazzo, director of the consulting firm Data Miazzo
“Iran is the world’s third-largest exporter of urea. Qatar is second. Oman is fifth. Saudi Arabia is sixth. So the conflict zone is one of the main fertilizer-exporting regions.”

TC: 01:01 
On a national level, Brazil, Mexico, and Colombia -- all oil-exporting nations -- can expect higher revenues. Argentina as well, with its Vaca Muerta fracking area. But there is a risk of local inflation.

1.13 David Miazzo, director of the consulting firm Data Miazzo
“In that sense, this rise in fuel prices comes at a bad time, as it will push inflation upward because fuel costs ultimately affect a large part of the cost structures across all production chains”

TC: 01:24 
Rogelio Frigerio, an economist and governor of one of Argentina’s major agricultural provinces, Entre Ríos, is trying to remain optimistic.

1.44 Rogelio Frigerio, governor of the Argentine province of Entre Ríos
“I hope the war will be very short-lived. Circumstantially and contextually, in general, there is an increase in commodity prices, and in that regard, Argentina obviously has enormous competitiveness.  Argentina is on the path to becoming a country—not one with oil, but an oil-producing country—and that, of course, is always a safeguard against these conflicts.” 

TC: 01:52 
Outside of Expoagro, motorists in Argentina and other countries such as Peru are paying up to 10% more for fuel, while Brazil, Mexico, and Chile are trying to moderate the price hikes.
US bank Goldman Sachs expects higher inflation in Latin America and has revised its growth forecast for Mexico downward, but kept its forecast for Argentina unchanged. It even revised its forecast for Brazil upward. 
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