Thursday, October 17th 2013 - 20:24 UTC

Paraguay’s economy roaring ahead is estimated to expand 13.6% this year

The country has recovered its main beef markets following a short FMD spell

Paraguay’s central bank increased the country’s growth estimate for 2013 from 13% to 13.6%, the highest for Latinamerica. Estimates have been on the increase since October last year, 9.5%; December, 10.5%; April 13% and now, 13.6% which compares to the 0.9% contraction of 2012, when drought and Foot and Mouth Disease hit Paraguay’s main export items, soybeans and beef.

Thursday, October 17th 2013 - 05:27 UTC

Paraguay vetoes bill imposing 10% export tax on cereals and oilseeds

President Horacio Cartes: “highly distortive and regressive”

Paraguayan president Horacio Cartes vetoed the bill imposing a 10% tax on export of cereals and oilseeds in their natural state recently approved by a divided Congress, arguing it was “highly distortive and regressive”. The bill now returns to the legislative.

Friday, October 11th 2013 - 13:11 UTC

Paraguay congress votes 10% export tax on grains and soybeans. Cartes expected to veto the bill

“A war declaration on the country’s farming sector”, said Cristaldo, president of the farmers’ lobby

A controversial bill imposing a 10% tax on grains and oil seeds exported in their natural state was finally approved by the Paraguayan congress. The bill presented in 2012 was passed in the Senate, rejected in the Lower House and again ratified by the Upper House, however Deputies could not round up the necessary 53 votes to again reject it.

Monday, October 7th 2013 - 14:16 UTC

World 2013/14 cereal production forecasted to surpass 2012 level by 8%, says FAO

US corn crop is expected to reach 348 million tons, 27% higher

The outlook for global cereal supply in the 2013/14 marketing season remains generally favorable despite downward adjustments to forecasts for world cereal production and closing stocks, according to the latest issue of FAO quarterly Crop Prospects and Food Situation report.Despite this downward adjustment, world cereal production would still surpass the 2012 level by nearly 8%.

Friday, October 4th 2013 - 06:58 UTC

Uruguay 2012/13 soybean crop was record in volume, area and yield

The crop reached 2.764.000 tons with an average yield of 2.634 kilos per hectare

Uruguay’s latest soybean crop was the highest in history, 2.76 million tons with an increase in the area planted and in yields according to the latest survey from the Ministry of Agriculture and Livestock. The area dedicated to soybean climbed 20% and reached 1.049.000 hectares.

Friday, October 4th 2013 - 06:45 UTC

European Union considering punitive duties on Argentine bio-diesel

If backed by EU governments at a vote later this month, the duties could be imposed by the end of November.

Argentine bio-diesel producers will fight European Union proposals to impose punitive duties on imports from the country, saying the move would remove its biggest export market and raise prices in Europe.

Monday, September 30th 2013 - 19:31 UTC

Chile expects to harvest over 50.000 tons of walnuts, most for export in 2013/14

According to USDA the growing area covers 30.000 hectares

The walnut production in Chile has experienced a growth in the fiscal year 2013/2014, reports the German Agrarmarkt Informations-Gesellschaft (AMI) on its website. Not only the favourable weather conditions, but also the extension of the cultivation area in recent years has contributed to this.

Monday, September 30th 2013 - 16:39 UTC

Paraguayan economy boosted by agriculture expanding at an annual 13.3%

Soybeans and beef, plus energy, are Paraguay’s main exports

Paraguay’s GDP expanded 13.3% in the second quarter of this year boosted by agriculture and beef exports, according to the latest release from the Central bank. Agriculture has proved the most dynamic sector with 6.2% growth helping Paraguay to have the fastest growing economy this year in Latam following on a 0.9% retraction last year, because of an extended drought.

Thursday, September 26th 2013 - 21:04 UTC

A sugar rush that could fuel the economy

India is the world’s second producer of sugar cane

By R. Viswanathan (*) - India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol.

Thursday, September 26th 2013 - 06:51 UTC

Argentina expects a large crop of wheat next November despite recent frosts

Wheat production in Argentina could reach 12 million tons according to the USDA

Argentina is on track to harvest more wheat this season as greater acreage and coming warm weather should offset any yield loss caused by recent frosts that hit in the last days of the Southern Hemisphere winter.


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