Soybean output for Argentina -- the world's third-largest soy producer and exporter -- is forecast to be at 52 million tons, down 4.6% on February estimates and 6% year on year, in 2019-20 crop year (November-October), on dry conditions in Córdoba and Santa Fe, a Buenos Aires Grains Exchange report said on Thursday.
Argentina’s main farm groups will hold a four-day sales strike this week, officials with local growers groups said on Thursday, to protest a tax hike that soy crushing companies warn will cripple investment in the key sector.
The Trump administration would face resistance from the U.S. Congress if it tried to push through a mini trade deal with the European Union that did not include agriculture, U.S. Senate Finance Committee Chairman Chuck Grassley said on Wednesday.
Argentina raised taxes on soybean exports to 33% from the current 30%, a spokesman for the CRA confederation of farmers said on Tuesday following a meeting with government officials.
Brazil, the world’s largest soy producer, and supplier, shipped 3.55 million tons of soybeans in the first three weeks of February, up 367% month on month, according to a report from the Brazilian foreign trade department.
Brazil’s Agriculture Ministry will allow for agrochemicals awaiting regulatory approval to receive licenses automatically, potentially allowing new pesticides to reach the market faster, according to new rules published on Thursday.
China’s beef imports will fall in the first half of 2020 due to fallout from the coronavirus outbreak, which is complicating the circulation of people and trade globally, Rabobank said in a report released on Thursday.
China approved the necessary sanitary protocols and authorized the sale of lamb, mutton and sub-products from sheep bred in Argentine Patagonia, according to Argentina's Agriculture ministry.
Argentina's Ministry of Agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs.
The sealed vault in the Arctic built to preserve seeds for rice, wheat and other food staples contains one million varieties with the addition on Tuesday of specimens grown by Cherokee Indians and the estate of Britain's Prince Charles.