Agriculture

Agriculture
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.

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.

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