Brazil's crop will reach 145.8 million tons in 2010, up 8.8% from 2009, according to a May projection released on Tuesday by the Brazilian Institute of Geography and Statistics (IBGE). The projection is 0.5% lower than April’s, released in May.
Scientists have claimed that eating soy could help prevent men from developing prostate cancer and from going bald. US researchers found a molecule produced in the intestine when soy is digested stops a hormone which can fuel prostate growth or cause baldness.
Brazil in recent years has become the main destination for agro-toxic products banned in Europe, United States and most of South America’s countries with strong farm sectors. Brazilian farmers make unrestricted use of ten to twelve chemicals which are specifically banned in the European Union, United States and most of South America claims O Estado de Sao Paulo.
Gustavo Grobocopatel also known as the Soy King of Argentina praised Uruguay’s conditions for corporate growth and said the country in the last seven years has undergone “revolutionary changes”.
The specialized publication Oil World raised its forecast for the world 2009/2010 soy beans crop in 47.6 million tons compared to the previous season, totalling 258.9 million tons. The upward estimate is boosted by the South American crop which will be 37 million tons larger than the 134 million tons of the 2008/09 harvest.
Uruguay’s 2010 harvest of clean, dry rice reached 1.15 million tons with an average yield per hectare of 7.094 kilos. Total area planted was 161.900 hectares according to Uruguay’s Ministry of Agriculture Statistics Office.
Argentine Small Farmers Association (FAA) leader Eduardo Buzzi charged against the government over China's decision of suspending all Argentine soybean oil imports which is considered by many as retaliation to some restrictions that the Cristina Fernández de Kirchner's administration imposed on Chinese products.
Cuba's private farmers will in future purchase supplies directly instead of having them allocated by the state, the government said on Sunday, in the latest concession to demands for more autonomy.
European Union Agriculture ministers will be debating Monday on the impact of Mercosur/EU trade negotiations and the overall EU farm sector competitiveness.
Corn futures rose to a two-month high on mounting demand from China, the world’s second-biggest consumer.