Agriculture

Agriculture
Thursday, January 7th 2016 - 09:13 UTC

UN declares 2016 the International Year of Pulses

Pulses are annual leguminous crops yielding between one and 12 grains or seeds of variable size, shape and colour within a pod, used for both food and feed.

The United Nations 68th General Assembly declared 2016 the International Year of Pulses (IYP) and FAO (Food and Agriculture Organization) has been nominated to facilitate the implementation of the Year in collaboration with Governments, relevant organizations, non-governmental organizations and all other relevant stakeholders.

Monday, January 4th 2016 - 07:20 UTC

Canada opens its market to Argentine boneless fresh and frozen beef after 13 years

Argentine beef was banned from Canada back in 2001, following an outbreak of foot and mouth disease.

Canada finally made official the opening of its market to Argentine boneless beef, both fresh and frozen. This happens after thirteen years of negotiations, according to an end of the year release from the Argentine ministries of foreign affairs and agriculture and livestock, and the Argentine animal sanitary office. The decision became effective last 17 December.

Tuesday, December 29th 2015 - 21:54 UTC

Environmental groups blame massive deforestation for floods in Mercosur members

“Increasing rainfall and significant loss of forest cover in Argentina, Brazil and Paraguay, have not allowed the natural absorption of water,” Greenpace said

Deforestation is one of the main causes of the floods in South America that have left at least 160,000 people, 25,000 of them in Argentina alone, homeless, environmental groups said.

Monday, December 28th 2015 - 08:38 UTC

Argentine central bank building reserves: much depends on farmers and bankers

The rate has remained below what minister Prat-Gay hinted as equilibrium rate, 14.20 Pesos per dollar. Since the clamp was lifted, the Peso has been below14-pesos

This short week and the month of January will test if the Argentine administration of president Mauricio Macri can continue to build up Central Bank reserves following on the decision to end the dollar clamp, let the foreign exchange float, together with the prospect of loans and hoarded grain sales.

Monday, December 28th 2015 - 07:31 UTC

Argentina issues US$ 5bn in bonds to pay importers; some restrictions persist

Agriculture Minister Ricardo Buryaile said earlier this week the government owed US$10 billion to importers.

The Argentine government will issue bonds worth US$5 billion to be auctioned this week to pay back debt from imports during the previous Cristina Fernandez administration, according to a resolution published by the current government.

Monday, December 21st 2015 - 07:37 UTC

Groundbreaking WTO agreement on elimination of agriculture export subsidies

This is the “most significant outcome on agriculture” in WTO history because it ends one of the greatest distortions in the market, said WTO Roberto Azevedo

World Trade Organization, or WTO, reached a groundbreaking accord in Kenya on Saturday which obliges developed countries to eliminate subsidies for their agricultural exports as requested by the least developed nations to protect their farmers.

Saturday, December 19th 2015 - 04:41 UTC

China's demand for infant milk makes NZ company shares surge 140% in one year

Imported baby milk powder is now the preferred product in China because of the tainted milk scandal in 2008 which killed six children and left 300.000 ill

Shares in New Zealand dairy firm - The a2 Milk Company (A2) - were up more than 30% in Sydney on Friday after the firm raised its full-year earnings forecast on demand for its infant formula in China and Australia. It is the second time since November the company has raised its guidance.A2 said group revenue could reach US$ 212 million for the period, up from US$180.

Thursday, December 17th 2015 - 06:50 UTC

Argentina lifts foreign currency controls and let's Peso float, as of Thursday

“He who wants to import will be able to do so, and he who wants to buy dollars will be able to buy them,” Finance Minister Alfonso Prat-Gay announced

Argentina announced on Wednesday it was lifting currency controls and would allow the peso to float when markets open on Thursday, setting the stage for a devaluation, following pledges by new president Mauricio Macri for reforms to spur economic growth.

Tuesday, December 15th 2015 - 08:36 UTC

Brazil in recession, but farming is booming with the 29% fall of the Real

Brazil has become the world’s largest exporter of soybeans, beef, coffee, sugar and orange juice.

Financial and political turmoil that have Brazil on the brink of a depression is also contributing to one of the best years ever for domestic farmers. Economic stress and a weak currency has facilitated export revenue for everything from soybeans to beef to coffee.

Tuesday, December 15th 2015 - 08:18 UTC

Macri slashes agriculture export duties; farmers promise 30% larger crop next year

“I am going to sign the decree today,” Macri said in a speech to farmers in the town of Pergamino, in the heart of the Argentine Pampas

Argentina's business friendly president Mauricio Macri, announced on Monday large tax cuts on agricultural exports and emphasizing that “the camp was essential to get Argentina back on its feet”. Macri, who took office Thursday, had promised to slash the steep taxes on agricultural exports, which triggered major protests by producers against former president Cristina Fernandez administration.

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