Agriculture

Agriculture
Monday, December 14th 2015 - 08:17 UTC

Brazil's harvest for 2016 estimated at 209.3 million tons, slight drop from 2015

 The harvest includes 101.5 million tons of soybeans; 28.8 million tons of corn and 12.2 million tons of rice.

Brazil's harvest in 2016 will reach 209.3 million tons, which is 0.5% less than in 2015 according to the estimates from the Brazilian stats institute, IBGE. The fall is related to less crops of oilseeds, cereals and legumes in the centre west of the vast country, which is also the main farming area, as well as in the north.

Tuesday, December 8th 2015 - 00:27 UTC

Major food commodity prices down 18% over a year ago, says FAO index

FAO Cereal Price Index fell 2.3%, with coarse grain prices falling even more due to favorable harvests in the US, world's largest maize producer & exporter

Major food commodity prices fell in November, reversing about half their rise in the previous month, as the cost of internationally-traded staples, except for sugar, fell across the board. The FAO Food Price Index averaged 156.7 points in November, down 1.6 percent from its revised October average, and 18% below its value a year earlier.

Friday, December 4th 2015 - 05:07 UTC

Agriculture can boost production by 40%/50% with measures announced by Macri's team

Once measures are implemented Argentina's grains and oilseed crop can “increase by 40% to 50%”, said Argentina's King-soy

Gustavo Grobocopatel, head of the agro-business Grobo group anticipated that with the measures announced by the team of president elect Mauricio Macri and to be implemented from next 10 December, Argentina's grains and oilseed crop “it going to increase by 40% to 50%”, meaning dollars for industry, jobs and services.

Saturday, November 21st 2015 - 08:20 UTC

EU and Mercosur will propose WTO an accord to end agriculture export subsidies

The European Union, Brazil together with Argentina, Uruguay, Paraguay, and New Zealand will be making the presentation in Nairobi next December

The European Union and Brazil representing Mercosur (Argentina, Brazil, Paraguay and Uruguay), are proposing the World Trade Organization agree to end agricultural export subsidies at a meeting next month. The proposal backers also include New Zealand.

Saturday, November 21st 2015 - 08:09 UTC

High expectations in Argentina of a record soybean sowing in 2015/16

The Argentine ministry said soybean sowings for 2015-16, pegged area at 20.6m hectares, a rise of 800,000 hectares year on year.

Argentina's much-watched soybean sowings will set a record this season, but the country is heading for a weaker wheat harvest, despite ideas of “very good” yields, the country's farm ministry said. In its first estimate the ministry said soybean sowings for 2015-16, pegged area at 20.6m hectares, a rise of 800,000 hectares year on year.

Thursday, November 12th 2015 - 10:04 UTC

Brazil increases soybean forecast output to 102.8m tons for the 2015/16 season

Growers may reap between 101.2 million to 102.8 million metric tons of the oilseed in the 2015-2016 season, Conab said this week.

The Brazilian government increased its forecasts for what’s already expected to be a record season for soybean output and exports as farmers expand the planted area while yield prospects rise on above-average rainfall.

Wednesday, November 11th 2015 - 07:25 UTC

Argentine agro-business shares booming on presidential candidates' pledges

Both Daniel Scioli and Mauricio Macri have promised that if elected, they will significantly reduce export levies on soy and eliminate those on wheat and corn.

Argentina's agro-business shares are booming in the Buenos Aires stock exchange since 26 October, following the first round of the presidential election, and expectations are even greater on the promises from the two candidates that will be disputing the runoff on 22 November.

Tuesday, November 10th 2015 - 06:33 UTC

FAO food commodity prices rose in October 3.9%, but 16% down from a year earlier

Forecast for global wheat production has been raised, largely reflecting a bigger harvest in the European Union than earlier anticipated.

The FAO Food Price Index averaged nearly 162 points in October, up 3.9% from September, while still down 16% from a year earlier. FAO's latest Cereal supply and Demand Brief slightly trimmed its October 2015 forecast for global cereal production and now projects production at 2.53 billion tons, 1.1% below last year's record output

Friday, November 6th 2015 - 08:40 UTC

Monsanto GM seeds blocked from two Mexican states; consultation with local communities mandatory

“Indigenous peoples and communities in the country are entitled to be consulted in cases where impacts could be significant,” the court said in a statement

Monsanto, the world's largest seed company, has been blocked from planting genetically modified soy seeds in the southern Mexican states of Campeche and Yucatan after the country's Supreme Court granted an injunction against the country’s agriculture ministry, teleSur reported.

Thursday, November 5th 2015 - 05:51 UTC

Argentine farmers hold on to their crops waiting for electoral promises, but 'dry' central bank reserves

Cereal exports last week fell 68.5% in terms of a yearly comparison, reaching only US$192 million, far below the normal weekly average.

Argentina's election season has dramatically changed the agricultural landscape in the country, one of the world's breadbaskets. Exporters are now more confident than ever that profits will soar next year, creating a short term impact of plunging sales abroad and reduced cash-flow in the Argentine Central Bank’s coffers, although that could change in 2016.

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