Landlocked Paraguay has become the new 'soybean king' with a harvest of over 9 million tons, a new record, 13% compared to the previous crop, according to the figures released by the Paraguayan Chamber of Grains and Oilseeds Exporters, Capeco.
The FAO Food Price Index was down for a third consecutive month in June, a decline mostly influenced by lower wheat, maize and palm oil prices that reflected ample supplies and improved global production prospects for these commodities.
Uruguay's second pulp mill Montes del Plata started production this week following an investment of 2 billion dollars, the largest ever in the recent history of the country. The announcement was made by the Chilean-Swedish complex that is running the plant.
China will be holding this year's World Meat Congress in Beijing, an event traditionally hosted by meat producing and exporting countries. However the significance of the world's second largest economy and its booming demand for meat have made it the right place for the 14/16 June conference.
Brazil, one of the world's leading agricultural producers, expects a record grain harvest this year of 192.3 million tons, up 2.2% from 2013, the IBGE statistics agency said this week.
A strike of dock workers in Argentina's grains and oilseeds export hub Rosario was holding on Tuesday for the second day running 126 ships, which are queuing and waiting to load.
The FAO Food Price Index was down for the second consecutive month in May, continuing its retreat from the 10-month high it experienced in March. Prices fell as generally ample supplies weighed on international prices for most commodities included in the Index.
Brazil's economy grew 0.2% in the first quarter compared to the final three months of 2013, a pace slower than economists had forecast, the government said Friday. Meanwhile GDP rose 1.9% relative to the first quarter of 2013, according to figures released by the state-run Brazilian Institute of Geography and Statistics, or IBGE.
Hundreds of thousands people have united across the world to voice concern over the spread of GMO foods and crops and to raise awareness over the biotech giant Monsanto’s growing grip on the global food supply chain.
Insects can provide a sustainable and environmentally-friendly option for animal feed, in addition to already being a mainstay of human diets for 2 billion people worldwide, FAO Assistant Director-General Eduardo Rojas-Briales told an international gathering of researchers in The Netherlands.