In twelve years Mercosur has consolidated as the leading region in soybean production with 52% of the world crop and the potential to further expand area and yields.
Brazil latest harvest (2010/2011) should reach 162.9 million tons of grains and oilseeds establishing a new record according to the latest release by the National Supplies Company, Conab.
World food prices remained virtually unchanged between July and August 2011 according to the FAO Food Price Index published Thursday. The Index averaged 231 points last month compared to 232 points in July. It was 26% higher than in August 2010 but seven points below its all-time high of 238 points in February 2011.
Experts from South America, US, Europe, India and China will be discussing next week in Rosario, Argentina the possibility of an Asia-Mercosur grains and oilseeds market in which soybeans will be playing the leading trade role.
A quarter of million pounds (approximately 400.000 dollars) is to be used to produce more fruit, vegetables, salad and hen eggs within the Falkland Islands. The Executive Council (ExCo) agreed the funding which is to be administered by the Development Corporation (FIDC) in a bid to reduce the amount of imports into the Islands.
Argentina has rapidly displaced the US as the main supplier to Colombia of corn and in near future wheat, with volumes soaring from 99.000 tons in 2007 to over 2.2 million tons currently, points out Agrimoney.
Sugar output in Brazil, the world’s largest producer and exporter, will unexpectedly fall this year after freezing weather pared crop yields, the Agriculture Ministry said on Tuesday.
Guess who is the main producer of soy beans in Brazil, the country that is the world’s second exporter of oilseed behind the United States?, a Brazilian, no an Argentine group.
Mercosur full member Argentina this week is expected to approve the use of genetically-modified soy seeds made by German company Bayer as part of its push to increase farm production, a top Argentine official said on the weekend.
Argentina is undergoing a “corn planting boom” because of its more diversified market opportunities which help to ease the full impact of the export quotas system imposed by the government of Cristina Fernandez.