Paraguay announced a record 2009/2010 soybeans crop of 7.48 million tons, which is larger that the 6.8 million tons of 2007/08.
Chinese Deputy Foreign Minister, Li Jinzhang, assured that China is highly enthusiastic about reaching an agreement to unlock the trade soybean oil conflict between Argentina and the Asian giant, according to Chinese media.
An Argentina-China agreement to unlock the soybean oil conflict seems to move forward as a government official, who preferred to remain anonymous, told a news agency that China has agreed to allow all cargo ships on their way to China to unload soybean oil at Chinese ports.
China’s soybean oil traders may “gradually” delay or cancel imports from Argentina after the country toughened inspections, the China National Grain and Oils Information Center said early Wednesday from Beijing.
Argentina formally protested on Monday a possible move by China to block imports of Argentine soybean oil in a trade row that threatens a key export of the country and last year involved almost 1.5 billion US dollars.
New Zealand Farming Systems Uruguay, listed in the NZ stock exchange, has sold 2,500 hectares of land on its Tobay farm in eastern Uruguay for 8.5 million US dollars in a move that will allow it to repay nearly half an outstanding debt to shareholder PGG Wrightson.
Argentina’s 2009/2010 crop is estimated in 91 million tons, 48% higher than the previous mainly because of improved yields thanks basically to more regular rainfall, courtesy of the El Niño climate phenomenon.
Chile’s annual fall harvest season continues apace, notwithstanding earthquake damage to Chile's roads, irrigation systems, electric grid, packing houses, and other infrastructure.
Chile’s fresh fruit business has been whip-lashed the past weeks by the 8.8 earthquake which struck February 27, at the height of the fresh fruit export season. Large shipments of table grapes - roughly four million cases - and other fruit had to be stored while authorities worked over time to get port facilities operating again.
Argentina has its Malbec; Chile has its Carmenere and now Uruguay, not to be out-classed by its more famous wine-producing neighbours, is taking the world of viticulture by storm, with its distinctive Tannat wines.