Tuesday, August 23rd 2016 - 09:12 UTC

Uruguay's Prado show invites to a Hackathon competition blending agro, business and information technologies

This is an open competition for Uruguayan teams made up of researchers, entrepreneurs and experts in Information Technologies, Agro and Business.

The British Embassy in Montevideo, the Uruguayan Rural Association (ARU) and the Uruguayan Chamber of Information Technologies (Cuti) are inviting to take part in the Agro Hackathon which is scheduled to take place during the coming Expo Prado agricultural show.

Saturday, August 13th 2016 - 09:26 UTC

Falklands' fresh produce high prices blamed on Montevideo's port charges and fees

Montevideo port costs add 75-100%, “on top of actual SAAS (shipper) freight costs. In UK similar operations add a mere 20% to the SAAS freight cost” said Miller.

Uruguayan port charges and fees from port operators and shipping agents are the cause of fresh produce being so expensive in the Falkland Islands, Stanley Nurseries Tim Miller told Penguin News this week. Montevideo port costs add 75-100%, “on top of actual SAAS (shipper) freight costs. In UK similar operations add a mere 20% to the SAAS freight cost said Mr. Miller.

Thursday, August 11th 2016 - 12:57 UTC

Brazil running out of corn allows imports to supply pork and poultry sectors

Agriculture minister Blairo Maggi said he is committed to meeting the requests of the industry and wants to ensure the supply of grain in the country

A lower-than-anticipated domestic corn supply is pushing prices up, putting pressure on Brazil’s pork and poultry sectors, and forcing the government to intervene, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) said in its latest report.

Wednesday, August 10th 2016 - 03:54 UTC

Falklands 2014 and 2015 business climate surveys “very good”, but 2016 prospects aren't so rosy

The Business Climate Survey is undertaken by the Falklands Islands Development Corporation, FIDC, with support from the Falklands Chamber of Commerce

The Falklands Business Climate Survey strongly suggests that 2014 and 2015 were two very good years for the Islands economy and its business community, which translated in profits and higher levels of turnover, particularly 2015. However survey respondents predictions for this year and onwards aren't as rosy with many businesses anticipating lower turnover and investments, but not necessarily profits, while the overall average rating for the Islands' economy weighed between “average” and “good”.

Wednesday, August 10th 2016 - 03:49 UTC

UK with a Great Pavilion will be present at Uruguay's main agriculture show

One of the highlights of this year will be the focus on agricultural technology with a series of lectures by British and Uruguayan experts.

With just a month to go until Uruguay's main agro show, Expo Prado, the British Embassy in Montevideo announces that for the third consecutive year it will be present with a Great Pavilion focused on business, education, culture, tourism, gastronomy and entertainment. British brands such as JCB Machinery, Polo Club clothing, FCR-DAS who specialise in quality management certification, fire extinguishers from Noblex, Brompton and other bicycles courtesy of Muvin will all be taking part.

Friday, August 5th 2016 - 12:18 UTC

Moody's lowers Uruguay's banking system outlook to negative: inflation remains main challenge

The Central bank anticipated that during the Q2 of the year the economy performance is expected to remain unchanged at almost zero growth as in Q1

Moody's has lowered its outlook on Uruguay's (Baa2 negative) banking system to negative from stable on the expectation that asset risks will rise moderately as challenging economic conditions weigh on consumers and businesses alike, and profitability will decline.

Thursday, August 4th 2016 - 22:59 UTC

FAO Price Index reports modest decline in July as grains and vegetable oils drop

July experienced a sharp drop in maize prices due to favorable weather conditions in the key growing regions of the United States

The international prices for major food commodities saw a modest decline in July, following five consecutive months of increases. The FAO Food Pice Index (FPI) averaged 161.9 points in July 2016, slipping 0.8 percent (1.3 points) below its level in June and 1.4 percent below its level of July 2015.

Tuesday, August 2nd 2016 - 06:35 UTC

Temer hails beef agreement with the US; expects sales to reach US$ 1b next year

“This agreement will help growth and to create one of the main social rights, which is the right to work”, said Temer at the ceremony announcing the pact

Brazil's acting president, Michel Temer, on Monday hailed the opening of the U.S. market to Brazilian beef, saying that it will help create new jobs and will expand trade for Latin America's largest economy.

Tuesday, August 2nd 2016 - 06:19 UTC

US and Brazil agree to open each others' beef market

USDA acknowledged that for the first time since 1999 the U.S. will allow imports of fresh and frozen Brazilian beef.

The United States and Brazil have agreed to allow access to each other's beef markets after more than a decade of negotiations. Brazil's Ministry of Agriculture, Livestock and Food Supply has agreed to imports of U.S. beef for the first time in 13 years, USDA announced today. And the U.S. will accept Brazilian beef for the first time since 1999.

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.


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