Uruguay wool and lamb exports dropped 17% in dollars in the last twelve months compared to the year before. Of the US$ 265 million shipped overseas, China was the main client with 42% of that total, according to the latest Custom stats.
Argentine farmers are expected to harvest at least 15 million tons of wheat in the 2016/17 crop year versus 11.3 million in the previous season, Agriculture Minister Ricardo Buryaile said last week. Wheat planting in Argentina expanded dramatically when President Mauricio Macri eliminated export taxes soon after his December inauguration.
The FAO Food Price Index averaged 173.8 in January, its highest value in almost two years, marking a 2.1% increase from its revised December value and 16.4% above its 2016 January level. The FAO Sugar Price Index surged 9.9% in the month, driven by expectations of protracted supply tightness in Brazil, India and Thailand.
New research announced by scientists at CABI (Center for Agriculture and Bioscience Information) confirms that a recently introduced crop-destroying armyworm caterpillar is now spreading rapidly across Mainland Africa and could spread to tropical Asia and the Mediterranean in the next few years, becoming a major threat to agricultural trade worldwide.
Uruguayan president Tabare Vazquez, six cabinet ministers and a numerous business delegation begin on Monday a two weeks official tour of Germany, Finland and Russia to increase political and trade links, particularly in the “new international scenario” and hopefully advancing in locking the long delayed accord between the European Union and Mercosur.
British supermarkets have begun rationing vegetables, as adverse weather conditions in Europe have led to a shortage of products in UK stores. On Friday Tesco said customers will be limited to buying a maximum of three iceberg lettuces per visit, adding bad weather in Spain had triggered availability issues, although it added suppliers were looking to resolve the issue.
Brazilian officials ditched expectations of a tumble in wheat imports to a multi-year low after a surprisingly strong finish to 2016 for buy-ins, encouraged by a recovery in the real and state purchases of domestic supplies. Conab - which a month ago slashed its forecast for Brazil's wheat imports in 2016-17 [on an August-to-July basis] to 5.10m tonnes, the lowest since at least the mid-1990s – this week revised its forecast sharply upwards, to 5.95m tonnes.
Negotiations for an ample trade and cooperation agreement between the European Union and Mercosur are strategic, essential and must be urgently concluded, said Ramon Jauregui, head of the Euro-chamber for Latin America delegation, following on the recent accords signed by the EU with Ecuador and Cuba.
Rain showers forecast for this week should benefit soybean crops across Brazil and should not be heavy enough to hamper harvesting of the first shipments of the 2016-17 season, meteorologists said on Tuesday.
Argentina has decided to reinstate refunds for agriculture exports, responding to a promise to the provinces from president Mauricio Macri but also to prop foreign trade and boost the most dynamic sector of an anemic economy. The fiscal cost is estimated in 165 million dollars and is extensive to wheat flour, beef, sunflower oil, powder milk, cheese, honey and other produce from the provinces.