Saturday, November 21st 2015 - 08:20 UTC

EU and Mercosur will propose WTO an accord to end agriculture export subsidies

The European Union, Brazil together with Argentina, Uruguay, Paraguay, and New Zealand will be making the presentation in Nairobi next December

The European Union and Brazil representing Mercosur (Argentina, Brazil, Paraguay and Uruguay), are proposing the World Trade Organization agree to end agricultural export subsidies at a meeting next month. The proposal backers also include New Zealand.

Saturday, November 21st 2015 - 08:09 UTC

High expectations in Argentina of a record soybean sowing in 2015/16

The Argentine ministry said soybean sowings for 2015-16, pegged area at 20.6m hectares, a rise of 800,000 hectares year on year.

Argentina's much-watched soybean sowings will set a record this season, but the country is heading for a weaker wheat harvest, despite ideas of “very good” yields, the country's farm ministry said. In its first estimate the ministry said soybean sowings for 2015-16, pegged area at 20.6m hectares, a rise of 800,000 hectares year on year.

Thursday, November 12th 2015 - 10:04 UTC

Brazil increases soybean forecast output to 102.8m tons for the 2015/16 season

Growers may reap between 101.2 million to 102.8 million metric tons of the oilseed in the 2015-2016 season, Conab said this week.

The Brazilian government increased its forecasts for what’s already expected to be a record season for soybean output and exports as farmers expand the planted area while yield prospects rise on above-average rainfall.

Wednesday, November 11th 2015 - 07:25 UTC

Argentine agro-business shares booming on presidential candidates' pledges

Both Daniel Scioli and Mauricio Macri have promised that if elected, they will significantly reduce export levies on soy and eliminate those on wheat and corn.

Argentina's agro-business shares are booming in the Buenos Aires stock exchange since 26 October, following the first round of the presidential election, and expectations are even greater on the promises from the two candidates that will be disputing the runoff on 22 November.

Tuesday, November 10th 2015 - 06:33 UTC

FAO food commodity prices rose in October 3.9%, but 16% down from a year earlier

Forecast for global wheat production has been raised, largely reflecting a bigger harvest in the European Union than earlier anticipated.

The FAO Food Price Index averaged nearly 162 points in October, up 3.9% from September, while still down 16% from a year earlier. FAO's latest Cereal supply and Demand Brief slightly trimmed its October 2015 forecast for global cereal production and now projects production at 2.53 billion tons, 1.1% below last year's record output

Friday, November 6th 2015 - 08:40 UTC

Monsanto GM seeds blocked from two Mexican states; consultation with local communities mandatory

“Indigenous peoples and communities in the country are entitled to be consulted in cases where impacts could be significant,” the court said in a statement

Monsanto, the world's largest seed company, has been blocked from planting genetically modified soy seeds in the southern Mexican states of Campeche and Yucatan after the country's Supreme Court granted an injunction against the country’s agriculture ministry, teleSur reported.

Thursday, November 5th 2015 - 05:51 UTC

Argentine farmers hold on to their crops waiting for electoral promises, but 'dry' central bank reserves

Cereal exports last week fell 68.5% in terms of a yearly comparison, reaching only US$192 million, far below the normal weekly average.

Argentina's election season has dramatically changed the agricultural landscape in the country, one of the world's breadbaskets. Exporters are now more confident than ever that profits will soar next year, creating a short term impact of plunging sales abroad and reduced cash-flow in the Argentine Central Bank’s coffers, although that could change in 2016.

Sunday, October 25th 2015 - 10:16 UTC

Monsanto in the dock? possible mass tort civil action against glyphosate

The lawsuit in several US states accuses Monsanto of long knowing that the main ingredient in Roundup, glyphosate, was hazardous to human health.

Personal injury law firms around the United States are lining up plaintiffs for what they say could be “mass tort” civil actions against agrochemical giant Monsanto that claim the company’s Roundup herbicide has caused cancer in farm workers and others exposed to the chemical.

Saturday, October 24th 2015 - 09:11 UTC

Wealthy nations expenditure on its farmers far outstrips global food aid

Japan spends 59 times as much supporting its own farmers than on food aid and nutrition support, while EU countries spend 42 times as much

Wealthy nations spend 20 times more on farm subsidies than the US$12 billion they allocate to food aid and support for poor farmers annually, John McArthur, a senior fellow with the Brookings Institution, the think-tank which led the new research, said.

Tuesday, October 13th 2015 - 07:00 UTC

Brazilian recession begins to hit US companies profits and shares

“We are taking aggressive actions to address the extraordinary operating environment in Brazil,” said Pierre Brondeau, FMC president, CEO

Agricultural giant FMC is the latest company to warn about operations in Brazil and now the stock is crashing. On Monday the $5 billion agricultural company announced that it would lay off 800-850 people — saving the company about $150 million a year by 2017 — while also cutting its profit outlook for the third quarter and all of 2015.


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