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