European Union farmers could suffer losses ranking from one to three billion Euros if a trade agreement is finally agreed with Mercosur according to a European Commission evaluation paper on the impact.
Cuba is closing its once powerful Sugar Ministry in favour of a state holding company charged with pulling the sector out of a long decline, official media announced on Thursday.
Ecuador has been announced as a major sponsor and exhibitor of the National Chocolate Week in London, the UK’s biggest and most indulgent chocolate celebration.
Argentina 2010/2011 crop reached 102.082 million tons of grains and oil seeds, a ‘historic record’, according to an official release from the Ministry of Agriculture.
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.