Analysts are casting doubt on the Brazilian government’s soybean production estimate. Conab, the government’s food supply and statistics agency, recently issued a forecast for 118.8 million tons of production, only slightly smaller than last year’s record 119.4 million tons.Add your comment!
Australians have been warned to avoid exerting themselves outdoors and to drink lots of water as record temperatures in parts of the country look set to linger, and even increase, over coming days. Parts of New South Wales, Australia’s most populated state, and an area of Western Australia, saw record high minimum temperatures of 33 Celsius overnight.Add your comment!
Global food prices held broadly stable in December, with rising international cereal prices offsetting declining sugar and dairy quotations, the Food and Agriculture Organization of the United Nations (FAO) said. However overall for 2018, the FAO Food Price Index fell by almost 22% from 2017Add your comment!
Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tons on Wednesday from 121.4 million tons late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.Add your comment!
The U.S. Department of Agriculture (USDA) delayed several major U.S. and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly World Agricultural Supply and Demand Estimates report and other data originally scheduled for Jan. 11 will be set once government funding is restored, USDA said.
Export sales by Brazilian meat processors lagged last year as trade bans and a domestic truckers’ strike weighed on their ability to serve major customers like Russia and the European Union, according to data released by trade group ABPA.
BBC has published a piece on the history of Corned Beef and its brand name, Fray Bentos, the city located on the banks of the Uruguay River, and which over a century ago produced what it describes as the most influential food brands of the 20th century
Estimates of corn and soybean production in Brazil and Argentina remain unchanged from private analytics IEG vantage last monthly report. The firm projected Brazil’s 2018/19 soybean crop at 122 million tons and Argentina’s crop at 56.5 million tons.
After years of prohibition, industrial hemp is now federally legal in the United States. President Trump signed off on the 2018 Farm Bill which redefines hemp as an agricultural commodity, and more importantly, removes it from the Controlled Substances Act.
Economic activity in Argentina fell 4.0% in October versus the same month last year, the government said on Thursday, marking the seventh straight month of declines as the country grapples with recession and high inflation.