Agriculture
AgricultureParaguay’s economy roaring ahead is estimated to expand 13.6% this year
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.
Paraguay vetoes bill imposing 10% export tax on cereals and oilseeds
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.
Paraguay congress votes 10% export tax on grains and soybeans. Cartes expected to veto the bill
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.
World 2013/14 cereal production forecasted to surpass 2012 level by 8%, says FAO
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%.
Uruguay 2012/13 soybean crop was record in volume, area and yield
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.
European Union considering punitive duties on Argentine bio-diesel
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.
Chile expects to harvest over 50.000 tons of walnuts, most for export in 2013/14
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.
Paraguayan economy boosted by agriculture expanding at an annual 13.3%
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.
A sugar rush that could fuel the economy
By R. Viswanathan (*) - India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol.
Argentina expects a large crop of wheat next November despite recent frosts
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.
