Global food prices dipped in August, mainly as the prospect of bumper cereal harvests pushed up expectations for larger grain inventories. The FAO Food Price Index declined 1.3% from July, averaging 176.6 points in August.
With a robust Harvest Plan coupled with support and development tools organized by the government, Brazil’s agriculture and livestock sector is expected to generate record wealth for Brazil in 2017. Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 30 billion (some US$ 10bn) to the country's GDP.
Uruguay's main agricultural, industrial and commercial show, Expo/Prado 2017 opened in Montevideo on Wednesday. The annual event, which this year is international, (it rotates with Argentina's Palermo show) is an opportunity for city people to admire the best cattle, sheep, horses and hogs of the region, and for the farmers a chance to see how much technology has advanced in the last twelve months.
Brazilian company FS Bioenergia inaugurated a corn ethanol plant, the first in the country, to produce 210 million liters year. The plant was built by a joint venture between the local agro-company Fiagril and US-based Summit Agricultural Group with investments of BRL 450 million (US$ 141.1m), said the Ministry of Agriculture, Livestock and Farming.
Argentine farmers will increase investments in the next corn planting season despite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, according to industry leaders.
Beef will be back on the menu this October as the European Union seeks to finalise a trade deal with Mercosur. The European Commission will offer Mercosur new beef import quotas at reduced tariff rates during a formal round of trade talks in the first week of October in Brussels, EU sources confirmed.
On 28 July, British agri-tech experts and companies presented their work, products and services to Uruguayan companies and institutions at an event hosted at the British Residence.
Brazilian farmers are in the midst of collecting their biggest corn harvest ever, and American supplies are also plentiful -- setting the stage for a stiff battle to win world buyers in the second half of the year.
As the United Kingdom begins contacts to negotiate new trade deals as it leaves the EU in 2019, food will be one of many areas that will need to be addressed. The ongoing spat over chlorine chicken highlights how tastes and safety practices around the world can differ hugely, since what might seem normal practice in one country can seem problematic elsewhere.
Hundreds of landless farmers in Brazil have invaded and occupied a soybean plantation owned by a company belonging to Agriculture Minister Blairo Maggi. The takeover by some 500 people was organized by the Landless Rural Workers' Movement, which encourages the seizure of farmland it deems unproductive as a tactic to pressure the government.