Agriculture
AgricultureBrazilian economy contracts 0.5% in third quarter, but still 2.2% annually
The Brazilian economy slipped into contraction in the third quarter after recording strong growth in the June quarter. Data released by statistical office IBGE on Tuesday revealed that GDP decreased a seasonally adjusted 0.5% sequentially in the September quarter, more than offsetting the upwardly revised 1.8% growth recorded in the second quarter.
Uruguay after another soy-crop record since area planted increased 100.000 hectares
Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.
Uruguay to benefit from agreement reached by Iran with world powers
The agreement reached by the world powers with Iran regarding its nuclear plans could have a positive impact for Uruguay, (and the region) since the regime of Teheran has been for years a strong client of Uruguayan rice and other products.
Brazil agriculture in state of emergency following infestations of Helicoverpa caterpillar
Infestations of the Helicoverpa caterpillar in Brazil's grain belt prompted the agriculture ministry this week to declare a state of emergency in the leading soy state of Mato Grosso, highlighting the potential risk to large parts of the crop.
Argentina's annual economic activity grew 4.7% in September, says Indec
Argentina's economic activity grew 4.7% in September compared with the same month last year, according to the government's much questioned stats office, INDEC. Market expectations were in the range of 3.9%.
Uruguay and US reach sanitary agreement on boneless lamb, beef, offal and live cattle
Boneless and matured lamb and mutton from Uruguay will have access to the United States market as of next 29 November. The announcement was made in Montevideo by visiting US Agriculture Under Secretary Edward Avalos, following its publication in the US Federal Registry and means the conclusion of nine years of negotiations.
Uruguay sends bill to parliament banning ownership of land by foreign companies or governments
The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it “aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.”
Brazil's 2013/14 crop estimated to reach in excess of 192.4 million tons
Brazil's coming 2013/14 grains and oilseeds harvest has been estimated between 192.4 and 196.6 million tons with an increase in the range of 3% to 5.3% over the previous crop which reached 186.8 million tons.
Food commodity markets more balances and less price volatile, says FAO
Food commodity markets are becoming more balanced and less price volatile than in recent years thanks to improved supplies and a recovery in global inventories of cereals, according to FAO's Food Outlook report published on Friday.
Experts dismiss forecasts of soaring wine prices: worldwide production on the rise
In a much-publicized report released Wednesday, US bank Morgan Stanley said that a worldwide fall in production and growing thirst for wine among Chinese and Americans would send prices rocketing. However industry experts say worldwide production actually rose this year.
