United States faces annual trade sanctions of about 295 million US dollars for failing to scrap illegal subsidies paid to its cotton growers. However the punishment, imposed by the World Trade Organization (WTO), is far less than the 4 billion USD that Brazil, which brought the case, had wanted.
Helped by the Argentine administrations of the Kirchner couple, Brazil is catching up with Argentina as Latinamerica’s main producer of wheat. This year Brazil will be planting only 200.000 hectares less than its Mercosur partner which this winter crop is down to 2.75 million hectares.
A sheep is believed to have become the world most expensive after selling for £231,000. Deveronvale Perfection, bred in Banffshire, was bought by a fellow local sheep farmer at a sale in Lanark.
Argentine farmers’ organizations announced Tuesday another national trading stoppage to protest President Cristina Fernandez de Kirchner administration camp policies particularly taxes on grains and oilseeds exports.
Uruguay remains as a most attractive country for Argentine investors because of its business opportunities, logical taxing system and absence of export levies plus its geographical closeness, according to Luis Bonetto Argentine investment advisor and expert in agriculture.
Chilean dairy farmers and the country’s main agriculture organization, SNA, are demanding safeguards against the import of powder milk and Gouda cheese from Uruguay and Argentina arguing “disloyal competition”.
The average price of an exported bottle of wine from Argentina has exceeded a Chilean bottle for the first time, according to recently released Wines of Chile figures. The report also revealed that Chile's wine exports fell 4.4% between January and June 2009, compared to the same time last year.
Officials from the administration of Argentine president Cristina Fernandez de Kirchner have announced a set of measures toward the liberalization of meat and grains exports -following demands made by farming organizations- in a move to resolve the ongoing conflict with farming leaders.
Argentine farmers said on Saturday that the camp is “no longer a tame cow to be milked” by a “predatory government” and blasted “inefficiency and wrong policies”.
NZ Farming Systems Uruguay Ltd has raised 30 million US dollars by selling a first tranche of bonds in Uruguay. The non-convertible bonds have an expected maturity of about 15 years, and pay a fixed interest rate of 5% until September 30, 2010.