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[BUSINESS] · Argentina · 3 sources

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Misiones government ratifies financing for tea sector

The provincial government of Misiones, Argentina, has confirmed the availability of credit lines intended to support the tea sector. These financing options, agreed upon through the Provincial Tea Commission (COPROTÉ), are designed to help producers purchase fertilizers to maintain crop productivity.

Managed by the Ministry of Agriculture and Production, three financing alternatives are available with a 16.5% interest rate. One line, provided via Banco Macro, offers credits of up to 2,000,000 pesos per small producer. Other options through the Institute of Circular Macroeconomics (IMaC) allow for fertilizer acquisition via cooperatives, drying plants, and companies, with a single repayment deadline set for April 30, 2027.

Entities

Banco Macro · Coproté · Ministry of Agriculture and Production · Misiones Government · iMac