Uruguay’s goods’ foreign trade in the twelve months to April 2014 reported a deficit of 1.38 billion dollars with exports totaling 10.42 billion and imports 11.185bn, according to the country’s Chamber of Industries Economic Studies Unit based on data from Customs.
A group of managers representing Punta Arenas port facilities, logistic companies and shipping companies visited the Falkland Islands last week with an ultimate aim to offer solutions to the current and future commercial needs of the Islands.
President Dilma Rousseff announced Monday that the government will make available to Brazil's farmers and ranchers a 156.1 billion Reais (70.5 billion dollars) credit line, a hike of 14.7% over the previous season.
Uruguayan president Jose Mujica said that the future US ambassador in Montevideo could probably be Edward Avalos, currently Under Secretary for trade and regulatory programs from the US Department of Agriculture.
President Jose Mujica addressing US Secretary of State John Kerry said that Uruguay has a significant deficit in technology and scientific education, and was hopeful that cooperation with the United States would help insisting that the goal is achieving equality and wealth distribution.
Countries of Latin America and the Caribbean have advanced a robust agenda aimed at achieving the eradication of hunger in the region, during a major FAO meeting which concluded on Friday in Chile.
Weather conditions in various countries and political tensions in the Black Sea region have made food markets more volatile, FAO reports in the new Food Outlook. In its first major forecast for 2014, FAO puts cereal production at 2 458 million tons (including milled rice), down some 2.4% from the 2013 record, though global output is still expected to be the second largest ever.
Uruguay's dairy industry has overtaken Argentina as the main supplier of milk to Brazil, according to Globo Rural, a Brazilian site which specializes in farming news. Brazil's imports were globally 60% Argentine milk and the rest, 40% from Uruguay, but now Uruguay has moved to over 50%, meaning Argentina is losing ground in Latam largest economy and leading Mercosur partner, Anibal Schaller manager of the Milk Industry Center, admitted to Globo Rural.
NZ Farming Systems Uruguay, the dairy unit of Singapore-based Olam International in Uruguay, has sold some 7,771 hectares of farm land in Uruguay to local interests for about 53.7 million dollars in gross cash proceeds. The transactions would free up cash “for redeployment into more value-accretive projects,” Olam said in a statement.
Because of adverse climate conditions Brazil’s Arabica coffee prices have recently surged 94%, to 2.144 dollars for half a kilogram ($2.30) on the New York futures market.