Agriculture
AgricultureGreater ports congestion forecasted in Brazil with record soy crop and delayed sugar shipments
Brazil’s delays loading soybeans for export may worsen in 2014 due to a bigger crop and as some grain facilities are used for sugar shipments, crop analyst Soybean & Corn Advisor Inc. said.
Cartes pledges motivation and support for those who help create wealth and jobs
President Horacio Cartes said on Friday he wanted “a reliable and serious Paraguay, full of self esteem” taking advantage of the good economic times and pledged motivation and support for all those who help generate wealth and jobs for the country. However he also admitted that Paraguay has serious failings, “but problems are challenges and opportunities”.
Wheat shortage in Argentina has seen bread prices skyrocket; Buenos Aires ton price is double Chicago's
In the last few days the Argentine news media has been focusing on the fact that there does not seem to be enough wheat or corn to go around, which is driving prices higher and causing concern for the users of these grains. This is particularly true for bakeries which have been forced to charge soaring prices for bread.
Monsanto and its glyphosate weed-killer embroiled in controversy in Argentina
Monsanto Co. is calling for more controls on agrochemicals, including its Roundup line of glyphosate-based weed-killers, in response to an Associated Press report about concerns that illegal pesticide applications are harming human health in Argentina.
EU imposes punitive duties on biodiesel from Argentina alleging dumping
European Union member states agreed to impose punitive duties on imports of biodiesel from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats. Argentina has anticipated it will take the case to the World Trade Organization.
Argentine bio-diesel exports to EU threatened by new duties: EC votes on Tuesday
Argentina's bio-diesel industry warned it faces collapse if Europe makes good on a threat to impose stiff duties on their product next month. The European Commission earlier this month moved to raise duties on Argentine and Indonesian bio-fuels in response to alleged dumping.
Fire ravages Brazil’s main sugar terminal paralyzing operations and boosting prices to a year high
A fire in Santos ravaged Copersucar's sugar terminal in Brazil, paralyzing operations of the world's biggest sugar trader and putting 10 million tons of export capacity offline for six months or more.
New highway in clogged-Brazil opens more possibilities for grain exports
A highway, decades in the making, will finally open in Brazil offering a shortcut through the Amazon jungle to north-eastern waterways for the growing corn and soybean trade. The BR-163 highway connecting Mato Grosso state's soy belt to two key river ports will boost grain exports by some 3 million tons next year, offering a bit of relief to congested ports in the southeast, where most shipments originate.
Paraguay’s economy roaring ahead is estimated to expand 13.6% this year
Paraguay’s central bank increased the country’s growth estimate for 2013 from 13% to 13.6%, the highest for Latinamerica. Estimates have been on the increase since October last year, 9.5%; December, 10.5%; April 13% and now, 13.6% which compares to the 0.9% contraction of 2012, when drought and Foot and Mouth Disease hit Paraguay’s main export items, soybeans and beef.
Paraguay vetoes bill imposing 10% export tax on cereals and oilseeds
Paraguayan president Horacio Cartes vetoed the bill imposing a 10% tax on export of cereals and oilseeds in their natural state recently approved by a divided Congress, arguing it was “highly distortive and regressive”. The bill now returns to the legislative.
