Agriculture
AgricultureParaguay plans to climb from eighth to world's fifth exporter of beef by 2018
One of Paraguay's priorities is to make the country the world's fifth exporter of beef by 2018, according to Industry and Trade minister Gustavo Leite. The land locked member of Mercosur currently holds the eighth position.
Construction of Monsanto plant in north Argentina halted on environmental grounds
A labor appeals court in north-central Argentina ruled that the construction of a Monsanto plant is unconstitutional, halting work on the site. The three judge court ruled 2-1 in favor of the activists who filed a legal appeal against Monsanto’s GMO seed plant on environmental protection grounds in the municipality of Malvinas Argentinas, located in central Cordoba Province.
Record exports in dollars for Uruguay in 2013, but prospects not so encouraging
Uruguayan exports in 2013 increased 4.8% in value and reached a record 9,155 billion dollars with soybean the main item and China the leading trade partner. The data was released by the government export promotion organization Uruguay XXI, which sometimes is over optimistic.
'Andean super crop' quinoa opens the way for the UN Year of Family Farming
Increased production and consumption of quinoa, coupled with higher visibility of and greater scientific knowledge about the so-called “Andean super crop” is the legacy left to the world by the International Year of Quinoa 2013, the closing ceremonies of which were held in Bolivia and Peru.
Argentine central bank issues hard currency bonds hoping to lure cereal exporters
The Argentine Central Bank, starved of dollars and declining international reserves started to trade new short-term dollar-denominate bonds in order to encourage the farm sector to sell the crops they are still holding on to. It is estimated that over 3bn dollars in mainly soybeans remain in the hands of farmers and cereal exporters.
Abundance of cereals, 6% ahead of the 2011 record, says FAO latest forecast
FAO’s latest forecast for world cereal production in 2013 has been revised upward marginally (2 million tons) since November to a new high of almost 2 500 million tons (including rice in milled terms), 8.4% more than last year and some 6% above the previous record in 2011. The latest revision mostly reflects adjustments to maize output estimates in the United States, the Russian Federation and Ukraine, which had become firmer towards the completion of the harvests.
Brazil expects a 90 million tons soybean crop, making it the world's top producer
Brazil's government food supply agency Conab forecast record soybean output of 90.03 million tons, near the top of its previous forecast of 87.9 million to 90.2 million tons, as farmers finish planting new fields.
Record wheat crop in Brazil's main producitn state of Rio Grande do Sul
Brazil's most southern state, Rio Grande do Sul is consolidating as the country's main producer of wheat with a record crop from the current harvest of 2.91 million tons, breaking the 2011 record of 2,74 million tons, according to the latest report from Emater, the country's rural extension department.
Brazilian economy contracts 0.5% in third quarter, but still 2.2% annually
The Brazilian economy slipped into contraction in the third quarter after recording strong growth in the June quarter. Data released by statistical office IBGE on Tuesday revealed that GDP decreased a seasonally adjusted 0.5% sequentially in the September quarter, more than offsetting the upwardly revised 1.8% growth recorded in the second quarter.
Uruguay after another soy-crop record since area planted increased 100.000 hectares
Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.
