South America’s soy bean reserves suffered a strong reduction following recent sales while the global supply could be affected depending on the US crop and weather in the northern hemisphere according to Oil World latest forecast
Brazilian president Lula da Silva announced Thursday the 2009/2010 Agriculture and Livestock Plan which will provide the equivalent of 53 billion US dollars in aid, to help farmers take advantage of rising global demand for food. This represents a 37% increase over the previous farm year.
Paraguayan president Fernando Lugo opened Wednesday in Asuncion the world conference on “Foot and Mouth Disease; the way towards global control” organized by FAO and the World Organization for Animal Health, OIE.
As the world grits its teeth and grabs another glass of something to chase the blues away, South American wine producers are watching exports bounce. International wine sales from places like Chile, Argentina, Brazil and Peru are up in the first quarter of 2009, and industry professionals are saying the crisis has been positive for them.
Monsanto announced Monday it has completed regulatory submission in Brazil for its insect-protected Roundup Ready 2 Yield(TM) soybeans. The stacked trait product provides both protection from feeding damage caused by lepidopteran insect pests (moths and butterflies) in Brazil and tolerance to Roundup(R) agricultural herbicides.
Because food is a basic necessity, the agriculture sector is showing more resilience to the global economic crisis than other industries. But the risks could increase if the economic downturn deepens, according to a new report by the OECD and FAO released this week.
With the second-highest recorded cereals crop expected this year and stocks replenished, the world food supply looks less vulnerable to shocks than it was during last year’s food crisis, FAO said in its Food Outlook report published this month. But some potential dangers remain, it also noted.
The possible merger between the leading Brazilian meat groups, Marfrig and JBS Bertin could create the largest corporation in the world and among other things dominate over 30% of the Uruguayan cattle demand market.
The Brazilian government confirmed Wednesday that the fund to promote home farming and gardening will have at its disposal 7.6 billion US dollars. This represents a 525% increase since the administration of President Lula da Silva took office in 2003.
Argentina will celebrate its bicentenary consuming Uruguayan beef forecasted the president of the powerful farmers’ association Argentine Rural Society, Hugo Biolcati. Production won’t be enough to cover Argentina’s demand next year, “either we bring per capita consumption down from 70 kilos to 50 kilos, or we import beef and it won’t be cheap”.