Friday, April 15th 2016 - 07:12 UTC

Argentine government favors farmers in dispute with Monsanto

Monsanto which wants exporters to check cargoes to make sure farmers had paid to produce its genetically modified soybeans.

Argentina, the world's No. 3 soy exporter, said on Thursday the government must authorize any grain inspection, dealing a blow to Monsanto Co. which wants exporters to check cargoes to make sure farmers had paid to produce its genetically modified soybeans.

Tuesday, April 12th 2016 - 22:07 UTC

EU farmers claim trade deal with Mercosur represents an “unacceptable risk”

  “We are aware the European Commission has tabled an offer that includes an import quota of 78,000 tons of beef”, revealed UFU president Ian Marshall.

The first reactions to the announced Mercosur-European trade deal and exchange of proposals next week have surfaced. The Ulster Farmers’ Union president, Ian Marshall, says the European Union trade deal on offer to Mercosur countries is an ‘unacceptable risk’ to the livelihoods of farmers in Northern Ireland.

Friday, April 8th 2016 - 07:38 UTC

Falklands celebrates the 150 years of Port Howard historic farming

A view of Port Howard, which has been a pioneer in Falklands' farming

Falkland Islands celebrated the 150 years of a farm in West Falkland at a ceremony held in Port Howard, honoring owners Christopher and Myles Lee that were presented with a plaque celebrating the century and a half of the farm being operational, at an historic Legislative Assembly held in the community hall last week.

Friday, April 8th 2016 - 07:28 UTC

Uruguay in Brussels to begin a crucial round of Mercosur/EU negotiations

Nin Novoa has a meeting scheduled with EU Trade Commissioner Cecilia Malmström and is expected to agree on dates for the formal exchange of proposals

Uruguay Foreign Minister Rodolfo Nin Novoa is scheduled to begin this Friday in Brussels what is believed to be the last round of talks with the European Union to reach a wide ranging cooperation and trade agreement between Mercosur and the European Union.

Friday, April 8th 2016 - 07:12 UTC

Irish beef farmers strongly reject accord with Mercosur; protest letter to Trade Commissioner Malmstrom

Irish Minister for Agriculture Simon Coveney wrote a very strongly-worded letter to European Trade Commissioner Cecilia Malmstrom urging her not to proceed.

The Irish Farmers' Association has described an European Union offer to allow limited access to the EU market for Mercosur beef producers as “unfair”. The offer, which includes beef producers in Brazil, Uruguay and Argentina, is about to be presented to European Union member states for discussion, ahead of a proposed formal exchange of offers as part of the EU-Mercosur trade negotiations in May.

Friday, April 8th 2016 - 07:04 UTC

FAO Food Price Index in March: sugar up, dairy products down and meats stable

While prices for all dairy commodities fell, butter and cheese were the most affected, reflecting a build-up of stocks in the major exporting countries.

The FAO Food Price Index for March rose by 1.0% compared to February, as soaring sugar prices and continued increase in palm oil quotations more than offset plunging dairy product prices. The Index averaged 151.0 points in March, its highest level in 2016, but still some 12.0% below its level of a year earlier.

Friday, April 8th 2016 - 06:58 UTC

Large inventories and sluggish demand for 2016/17 global cereal production predicts FAO

Maize output is seen growing by 1.1% to 1.014 million tons, driven by recovering yields in the European Union and expanding plantings in the United States

World cereal production in 2016 is set to amount to 2 521 million tons, just 0.2% off last year's large output and the third-highest global performance on record, according to FAO's first forecast for the new season, released on Thursday. Large inventory levels and relatively sluggish global demand mean that market conditions for staple food grains appear stable for at least another season, the agency's latest Cereal Supply and Demand Brief predicts.

Friday, March 18th 2016 - 05:55 UTC

Strong 2016 wheat harvests seen in China and South Asia

FAO issued its first forecast for world's 2016 wheat harvest, projecting 723 million tons of total production, about 10 million tons below last year's record output.

FAO's latest Cereal Supply and Demand Brief forecasts a 1.4 percent drop in worldwide wheat output in 2016, due mainly to dry weather leading to reduced winter plantings in the Russian Federation and Ukraine. However, China and Pakistan are expected to sustain near-record wheat harvests, and India's output is anticipated to recover.

Sunday, March 13th 2016 - 23:17 UTC

Mercosur/EU will exchange trade proposals in April, is announced in Argentina

“We are working hard in the EU and Mercosur for a positive exchange of offers to happen in April. It’s an ambitious but realistic goal”, Mogherini said

Mercosur and the European Union will exchange trade proposals in April, a key step for the long delayed trade and cooperation agreement between the two blocks and which has gained strength since the change of administration in Argentina with president Mauricio Macri.

Thursday, March 10th 2016 - 05:40 UTC

American Airlines axes Caracas New-York until market conditions improve

In January the Forth Worth-based company wrote off $592 million, stuck in Venezuela due to the government's failure to exchange it for hard currency.

American Airlines said this week it will ax its Caracas to New York route on April 4 due to low demand just over three months after reinstating it. The surprise move comes amid a years-long battle between American Airlines Group and the Venezuelan government in which the world's largest airline says it has not been able to repatriate revenue.


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