Farm equipment manufacturers in Brazil are expecting g on strong sales this year, boosted by a second straight bumper soy crop and rising grain prices, which will more than offset weakness in the sugar cane sector, they said at a major trade show. Some machinery producers are forecasting sales growth as high as 8% in 2018 as farmers’ confidence rises and record-low interest rates encourage them to borrow and invest.
Grains shipping on Argentina’s Parana River was returning to normal on Saturday after a ship ran aground on Friday, causing delays, the head of Argentina’s Chamber of Port and Maritime Activity said.
An overall increase in production numbers and quality at Falkland Landholdings was reported by General Manager Andrew Pollard at the FLH Board meeting on March 27. Mr. Pollard in early April also attended the World Merino Conference held in Montevideo, an excellent opportunity to meet Uruguayan customers of Falklands' wool, sheep farmers from other countries and Peter Ackroyd, President of the International Wool Textile Organization, IWTO.
Due to the recent devastating drought, soybean production in Uruguay is forecast to drop to 1.7 million tons in 2017-18, according to an April 30 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.
European Union countries voted on Friday for a near-total ban on insecticides blamed for killing off bee populations, in what campaigners called a “beacon of hope” for the winged insects. Bees help pollinate 90 percent of the world’s major crops, but in recent years have been dying off from “colony collapse disorder,” a mysterious scourge blamed on mites, pesticides, virus, fungus, or a combination of these factors.
China’s purchases of U.S. soybeans have come to a grinding halt, trade and industry sources say, as fears of further action by Beijing to curb imports of U.S. crops following last week’s anti-dumping move on sorghum rattles the agriculture industry.
The Swine Health Information Center (SHIC) posted a new global swine disease monitoring report on earlier this month, with information on Foot-and-Mouth Disease (FMD) activity in China and Korea presenting the highest concern.
Soybean planted area in Brazil is forecast to set a record for the ninth consecutive year at 35.8 million hectares, according to an April 24 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.
Paraguay's business-friendly ruling party lost fewer seats in Sunday's Senate election, than expected, ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Farmers in the world's No. 4 soybean exporter had feared that the new Senate might approves a measure, defeated last year, that would slap a 10% levy on exports.
The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump's election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.