The Chilean wine company Viña Montes plans to invest 20 million US dollars in vineyards on the other side of the Andes in neighbouring Argentina, where it expects to double production over the next five years.
China plans to invest ten billion US dollars in the production, storage and transport of soybeans in Brazil to ensure the supply of the commodity of which it is the world’s main importer, according to press reports in Beijing.
European Union Agriculture ministers will be meeting this week in Luxembourg to discuss the current trade negotiations with Mercosur, according to European Commission sources.
With stronger local currencies Mercosur main beef exporters, Brazil and Uruguay are finding it more profitable to supply their domestic markets than exporting, in spite of growing international demand.
Paraguay’s 2010/11 soy bean crop covers 2.830.000 hectares (twice the area ten years ago) and the expected yield is between 2.900 and 3.100 kilos per hectare according to the latest satellite pictures in hands of the Paraguayan Chamber of Grains and Oilseed Exporters, Capeco.
So far the record yield dates back to 2003 with a national average of 2.915 kilos.
United Nations chemical experts have recommended that two pesticides - endosulfan and azinphos methyl - and one severely hazardous pesticide formulation - Gramoxone Super - be included in the Rotterdam Convention's Prior Informed Consent procedure.
Boosted by agriculture Paraguay's economy grew an all time record of 15,3% in 2010, following on a 3.8% contraction in 2009, according to the latest release from the Central bank.
Argentina’s 2010/2011 grains and oilseeds harvest is estimated to have reached 100.46 million tons, which is above last year’s according to the latest technical report from the Ministry of Agriculture released this week.
United States farmers have called on the US government to approve the free trade agreements with Colombia and Panama because Mercosur countries are taking a bigger share of US agriculture exports to those countries.
European Union agriculture ministers at the weekend rejected capping subsidies to Europe's biggest farms but compromised on a fairer share-out of funds between farmers in Eastern and Western Europe.