Tereza Cristina, tapped by President-elect Jair Bolsonaro to head Brazil's Agriculture Ministry, said on Wednesday the country could decide to abandon the Mercosur trade bloc if it failed to address inequality.
Brazil's Mato Grosso farmers are happy about their soybean planting progress this year, as they have finished sowing almost 90% of their soybean acres and are expecting an early harvest at the end of December.
The standardisation of products through technology advancements has helped Chilean fruit exporters conquer China as a destination, it was the reported.
The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of US shipments to Argentina just rose to the highest in at least 35 years, U.S. government data showed Tuesday.
Brazil’s top appeals court has ordered the release of one of meat processor JBS’ controlling shareholders, Joesley Batista, and Ricardo Saud, a lawyer for J&F Investimentos, which controls JBS. Both were arrested on Friday in an investigation into illegal campaign contributions and alleged bribery of government officials.
The United Nations FAO has raised its forecast for global cereal production in 2018 to 2.601 million tons, primarily due to higher estimates for wheat production in Canada and China. Nonetheless, the new forecast remains 2.1 percent below the record level achieved in 2017.
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 percent from September and 7.4 percent below its level a year earlier.
Argentina is expected to harvest some 140 million tons of grain in the 2018/2019 season, the largest crop in the country's history, according to Argentina's Agriculture Secretariat.
Brazil’s President-elect Jair Bolsonaro appointed his first female cabinet member on Wednesday evening, picking the head of the farmers’ caucus in the lower house as agriculture minister.
The U.S. Commerce Department said it would begin a review of antidumping duties it placed last year on biodiesel imported from Argentina, the Argentine Foreign Ministry said in a statement on Wednesday.