Brazil, the world's No 1 soy exporter, is expected to import around one million tons of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil.
Argentina is launching a new microwave imaging satellite to monitor natural disasters and soil moisture, in a long-term bid to bolster the farm sector, an industry that has historically been the backbone of the country’s economy.
The British Embassy in Montevideo co-organized the third edition of HackathonAGRO which took place at Uruguay's main agriculture show, Expo Prado 2018 on 15-16 September.
The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.
Brazilian farmers sped up soy and corn plantings this week for the country’s next grain crop, under favorable weather conditions and a positive market outlook, despite a sharp fall in soybean futures in Chicago on Tuesday. Soybean planting in Brazil’s second-largest producing state of Paraná reached 9% of the expected final area this week, up 8 percentage points from last week and compared to only 1 percent at this time last year, as ample soil moisture allowed for a quick start of fieldwork.
A Brazilian court this week overturned an injunction banning products containing the herbicide glyphosate, knocking down a previous ruling that had been set to disrupt the soy planting season set to begin this month.
Brazil's Foreign Minister Aloysio Nunes said he expects more movement from the European Union as long running talks on a free trade deal with his South American bloc Mercosur head into the home stretch.
The British Embassy will be part of Uruguay’s most important agricultural event, focused on business, culture, education, food and entertainment, as well as promoting the Falkland Islands. For the fifth consecutive year, the British Embassy in Montevideo takes part in Expo Prado, with a renewed pavilion that invites visitors to explore London’s Underground.
An annual U.S. soy exporters' conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years when billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies.
Argentina's beef exports could double in 2018 for a total of US$ 1.8 billion thanks to increased Chinese demand and a sharp devaluation of the peso currency, according to analysts and industry experts.