Wednesday, December 4th 2013 - 03:11 UTC

Brazilian economy contracts 0.5% in third quarter, but still 2.2% annually

The downturn was driven mainly by a 3.5% contraction in the agriculture sector

The Brazilian economy slipped into contraction in the third quarter after recording strong growth in the June quarter. Data released by statistical office IBGE on Tuesday revealed that GDP decreased a seasonally adjusted 0.5% sequentially in the September quarter, more than offsetting the upwardly revised 1.8% growth recorded in the second quarter.

Monday, December 2nd 2013 - 18:38 UTC

Uruguay after another soy-crop record since area planted increased 100.000 hectares

In a few years soybeans has become the main crop for Uruguay

Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.

Tuesday, November 26th 2013 - 08:41 UTC

Uruguay to benefit from agreement reached by Iran with world powers

Rice exports could again become direct deals with the Iranian government

The agreement reached by the world powers with Iran regarding its nuclear plans could have a positive impact for Uruguay, (and the region) since the regime of Teheran has been for years a strong client of Uruguayan rice and other products.

Wednesday, November 20th 2013 - 05:06 UTC

Brazil agriculture in state of emergency following infestations of Helicoverpa caterpillar

Helicoverpa is smaller than a human thumb, and with a knack for ploughing through soy, corn and cotton

Infestations of the Helicoverpa caterpillar in Brazil's grain belt prompted the agriculture ministry this week to declare a state of emergency in the leading soy state of Mato Grosso, highlighting the potential risk to large parts of the crop.

Monday, November 18th 2013 - 22:25 UTC

Argentina's annual economic activity grew 4.7% in September, says Indec

The government is counting with a good harvest of grains and oilseeds

Argentina's economic activity grew 4.7% in September compared with the same month last year, according to the government's much questioned stats office, INDEC. Market expectations were in the range of 3.9%.

Thursday, November 14th 2013 - 18:07 UTC

Uruguay and US reach sanitary agreement on boneless lamb, beef, offal and live cattle

Minister Aguerre and US delegate Avalos making the announcement

Boneless and matured lamb and mutton from Uruguay will have access to the United States market as of next 29 November. The announcement was made in Montevideo by visiting US Agriculture Under Secretary Edward Avalos, following its publication in the US Federal Registry and means the conclusion of nine years of negotiations.

Wednesday, November 13th 2013 - 00:16 UTC

Uruguay sends bill to parliament banning ownership of land by foreign companies or governments

The price of land in Uruguay has increased nine-fold in the last twelve years and the country fears the advance of sovereign funds

The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it “aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.”

Monday, November 11th 2013 - 13:21 UTC

Brazil's 2013/14 crop estimated to reach in excess of 192.4 million tons

Soybeans again will be the main single item with 88 million tons

Brazil's coming 2013/14 grains and oilseeds harvest has been estimated between 192.4 and 196.6 million tons with an increase in the range of 3% to 5.3% over the previous crop which reached 186.8 million tons.

Saturday, November 9th 2013 - 17:55 UTC

Food commodity markets more balances and less price volatile, says FAO

Wheat and rice stocks are also projected to rise, by 7% and 3% respectively

Food commodity markets are becoming more balanced and less price volatile than in recent years thanks to improved supplies and a recovery in global inventories of cereals, according to FAO's Food Outlook report published on Friday.

Friday, November 1st 2013 - 08:48 UTC

Experts dismiss forecasts of soaring wine prices: worldwide production on the rise

“World wine production has increased significantly in 2013 and consumption is stabilizing” says latest OIV report

In a much-publicized report released Wednesday, US bank Morgan Stanley said that a worldwide fall in production and growing thirst for wine among Chinese and Americans would send prices rocketing. However industry experts say worldwide production actually rose this year.


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