Agriculture

Agriculture
Monday, April 20th 2015 - 06:24 UTC

China cuts banks' reserve ratio to bolster lending and a weak economy

China's economy grew by 7% in the first quarter of the year, a large figure by Western standards, but the lowest for the country since the 2009 financial crisis

China's central bank is to cut its bank reserve requirement ratio by one percentage point. The People's Bank of China said that the new reserve requirement would take effect from Monday. The aim is to stimulate more lending into the nation's slowing economy.

Friday, April 17th 2015 - 03:39 UTC

Mercosur must exhaust efforts to advance in trade talks with EU, insists Uruguay

“Many elements such as the free circulation of goods, services and persons is not working” and there is a distortion of the Mercosur founding treaty, said Cancela

Mercosur must exhaust efforts with determination to advance in trade negotiations with the European Union, said Uruguay's Deputy foreign minister Jose Luis Cancela confirming the country's commitment with the block, but also demanding 'sincerity' in addressing the challenges and agreeing on an international insertion strategy.

Wednesday, April 15th 2015 - 07:37 UTC

Brazil raises estimates of corn and soybean harvests, helped by late rainfall

While early-sown soybeans were hit by a “scarcity of rainfall”, precipitation arrived in time for the flowering and grain-filling period for later planted crop.

Brazil raised estimates for both its corn and soybean harvests, citing rains which had come in time to boost yields of later planted crops, besides boosting expectations for safrinha corn. The official Conab crop bureau lifted by 1.0m tons to 94.3m tons its estimate for Brazil's soybean production in 2014-15, as late rainfall helped results “surprise positively” in particular in central areas.

Wednesday, April 8th 2015 - 18:26 UTC

Santos port soy exports expected to resume at slow pace after six-day fire

Trucks heading to the port through the city of Santos on the Anchieta Highway were prevented from entering, although they could proceed to Guaruja

Brazil’s soy exports will likely slow because a six-day fire at a nearby fuel-storage facility has restricted access to Brazil’s largest port, Santos, a port official and the soy industry association Abiove said. Authorities have agreed to restrict truck access to some terminals at the port at least through Wednesday while flames are extinguished.

Tuesday, April 7th 2015 - 09:24 UTC

FAO Food Price Index down in March helped by a sharp drop in sugar

Sugar Price Index averaged 187.9 points in March, down 9.2% from February. Good crop prospects and the continued weakening of the Brazilian currency had an impact.

The FAO Food Price Index continued to decline in March, dropping 1.5 percent from February and 18.7 percent (40 points) below its level a year earlier.

Tuesday, April 7th 2015 - 09:15 UTC

Argentine farmers defy Cristina Fernandez with ‘silo-bags’ to hoard soybeans

Silo-bag sales rose this year, mostly because of a bigger harvest, according to silo bag manufacturer IpesaSilo, which has about 70% of the Argentine market.


Argentine farmers have stockpiled more than twice as many soybeans this year than in 2014 defying a government desperate to increase export tax revenue needed to finance rising state spending ahead of the October presidential election.


Tuesday, April 7th 2015 - 07:51 UTC

World soy production forecasted to fall next season; Argentina could be the exception

Oil World's forecast for a drop in world production next season, the first decline since 2011-12, reflect largely an expectation of a 104.0m-tons US crop, down 4m tons

World soybean production will fall next season for the first time in four years, undermined by a drop in US output, although the fall may not prove sufficient to support prices, Oil World said. However in South America, Argentina and Paraguay could be heading for new record crops.

Wednesday, April 1st 2015 - 08:05 UTC

Public-private partnership to rehabilitate Uruguay's most transited highways

Route 21 is used mostly by trucks transporting grains to the Nueva Palmira port, the country's second busiest

Spanish construction company Sacyr joined Uruguay's Grinor in a consortium bidding for a contract to recover and maintain highways in the Mercosur member country.

Thursday, March 26th 2015 - 14:41 UTC

Falklands' main import trading partner is the UK with 87% of all goods

The value of imported services was approximately £260 million in 2012 with support services to oil and gas extraction making up £167 million of the figure.

The United Kingdom is the main import trading partner of the Falkland Islands with 87% of all imported goods coming from the UK in 2012 (Customs and Immigration 2013) with the rest imported mostly from Chile and Uruguay, according to the latest report on the Falklands' “State of the Economy”.

Wednesday, March 25th 2015 - 07:07 UTC

Falklands' economy performance impressive, although volatile and vulnerable

Oil was discovered in 2010 on the Sea Lion field and production for the world markets is currently planned for 2019.

The Falkland Islands economy has witnessed impressive, although volatile, growth in recent years with unemployment rates low enough to be the envy of most countries in the world and the government is free of debt, according to the latest “State of the Economy” released by the Falklands Policy Unit.

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