How dollarization will impact the Argentine pet food market

The shift to a dollar-based economy in Argentina following Javier Milei's win in the preliminary elections is expected to bring price stability and potential benefits for the pet food industry, including easier importing and increased foreign investment, although short-term economic instability may lead to lower consumer spending.

petfoodindustry.com

Relevant topic timeline:

8/22/2023

Argentina needs a recession, not dollarization, to tackle the peso crash, an economist says

Argentina should focus on fiscal spending cuts and a recession rather than adopting the dollar as its currency to address the recent peso crash, according to an economist.

9/13/2023

Argentina weighs pros and cons of ditching peso for dollar like Ecuador

Argentina's dollar scarcity should not prevent the country from adopting the dollar as its currency, according to economist Francisco Zalles, who believes that dollars would flow back into Argentina once it makes the switch and that Javier Milei's plan to dollarize would be successful. However, other commentators have warned that adopting the dollar without ample reserves could have catastrophic consequences.