Agriculture

Agriculture
Wednesday, July 27th 2016 - 12:57 UTC

Wet weather conditions Argentine wheat crop; 2016/17 corn area expected to expand

Argentine farmers had been expected to ramp up wheat output to the highest in five years in 2016-17, and lifting export prospects

Hopes for a revival in Argentina’s wheat production are falling, even as ideas for corn growing continue to mount, in part at the expense of soybeans, for which seed availability has emerged as an issue. Argentina’s wheat production will increase in 2016-17, but not by as much as had been thought, the US Department of Agriculture bureau in Buenos Aires said, cutting to 13.7m tons their harvest forecast.

Thursday, July 14th 2016 - 07:27 UTC

Higher forecasts for wheat output and cereal consumption in 2016/17

Global wheat production is now pegged at 732 million tons, more than 1% higher than anticipated in June, due to improved prospects in EU, the Russia and the U.S.

FAO's Cereal Supply and Demand Brief pointed to improved production prospects primarily for wheat. Global wheat production is now pegged at 732 million tons, more than one percent higher than anticipated in June, mainly due to improved prospects in the EU, the Russian Federation and the U.S., as a result of better weather conditions.

Thursday, July 14th 2016 - 07:23 UTC

Food commodity prices shot up 4.2% in June, steepest in four years says FAO

The FAO Sugar Price Index rose 14.8% from May, as Brazil, the world's largest sugar producer and exporter, endured heavy rains that hindered harvesting

International food commodity prices shot up 4.2% in June, their steepest monthly increase of the past four years. The FAO Food Price Index averaged 163.4 points in June and is now one percent below the level reached a year earlier. The June rise, which affected all commodity categories except vegetable oils, was the fifth consecutive monthly increase.

Tuesday, July 5th 2016 - 07:49 UTC

Temer calls for “national reunification” at a friendly agro-business forum

“For employment to recover, it's necessary for industry and agro-industry to grow, so that trade also grows,” said Temer at the Global Agribusiness Forum 2016

Brazil's interim president, Michel Temer emphasized the role of agro-industry in the country's development and called for “national reunification” to guarantee jobs in the sector.

Tuesday, July 5th 2016 - 07:21 UTC

OECD-FAO forecasts agriculture prices will remain relatively flat overall in next decade

OECD-FAO projects inflation-adjusted agricultural commodity prices will remain relatively flat. But livestock prices are expected to rise relative to those for crops.

The recent period of high agricultural commodity prices is most likely over, say the OECD and FAO in their latest 10-year Outlook. But the two organizations warn of the need to be vigilant as the probability of a major price swing remains high.

Tuesday, June 28th 2016 - 07:28 UTC

Rousseff signed budget decrees without congressional approval, claim Senate experts

Rousseff is charged with using cosmetics accounting to mask a ballooning budget deficit, allegations that she denies.

A nonpartisan team from the Brazilian Senate budget analysts on Monday handed potential legal ammunition both to opponents and supporters of suspended President Dilma Rousseff as she tries to survive n impeachment trial.

Thursday, June 23rd 2016 - 19:17 UTC

Argentina planting an additional million hectares of wheat this winter

Minister Buryaile said the area planted with wheat will reach 5.3 million hectares, a million more than the previous harvest.

Argentina is planting an additional one million of hectares with wheat this austral winter, taking the total area to 5.3 million hectares, spurred by the end of export duties and quotas, and a floating exchange rate, according to the Agro/Industry ministry in Buenos Aires.

Monday, June 20th 2016 - 08:41 UTC

Argentina estimates more corn and less soybeans for 2016/17

“Obviously we are going to have less area with soybeans, which means that the 60 million tons harvest could drop to 55 million tons” said minister Buryaile

Argentina's Agro-industry minister Ricardo Buryaile estimated the 2016/17 corn crop should reach 52.9 million tons, given a 20% increase in the area planted, which will be in detriment of soybeans. The last crop of corn, 2015/16, was 37.9 million dollars.

Tuesday, June 14th 2016 - 08:32 UTC

Brazil and Argentina crop problems raise demand for US supplies

USDA trimmed its 2015/16 Brazil corn harvest outlook by 3.5mmetric tons to 77.50m metric tons and its Brazil soy harvest outlook by 2m metric tons to 97m tons

Domestic supplies of corn and soybeans will be tighter than expected in the United States as problems with crops in Brazil and Argentina have raised demand for U.S. supplies from overseas buyers, the U.S. Agriculture Department. In its latest monthly supply and demand report, the government cut its new-crop and old-crop ending stocks outlooks for both corn and soybeans by more than analysts had forecast.

Saturday, June 4th 2016 - 10:54 UTC

Argentina and Monsanto reach preliminary agreement on seeds and soy controls

Dispute blew up after Monsanto started asking Argentine exporters to inspect soybean shipments to ensure growers had paid royalties for using company’s seeds

After weeks of crossed accusations, Argentina reached a preliminary deal with Monsanto, reportedly agreeing to cancel its controls on soybean shipments. Under the accord the Argentine government will be the one to carry out the inspections, as part of a proper framework for agriculture firms to be paid for royalties.

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