Argentina's August trade surplus dropped 48% from the same month a year ago to 1.16 billion US dollars as exports sank, the government said on Friday. Imports fell by 37% during the month to 3.25 billion, while exports dropped by an even bigger 40% to 4.40 billion USD due to lower prices and reduced volumes, particularly by the drought-hit farming industry.
Chilean dairy farmers requested President Michelle Bachelet to speed the implementation of the provisional safeguard clause to help contain the import of Argentine powder milk and cheese. The safeguard clause means imposing a 31% tariff on dairy imports.
Farm land sales in Uruguay during the first half of 2009 dropped, but the average price for the hectare actually increased 25% compared to the same period a year ago, according to the latest release from the Ministry of Agriculture Statistics Office (DIEA).
Norman Borlaug, the man known as the father of the Green Revolution in agriculture, died in Texas aged 95. Prof Borlaug won the Nobel Peace Prize in 1970 for agricultural innovation and the development of high-yield crops.
Paraguayan soy bean farmers estimate that this year’s crop (2009/2010), which begins to be planted at the end of the month, could reach a new record close to seven million tons given the good climate prospects and producers enthusiasm.
The European Milk Board, representing milk producer organisations from eight European countries, has announced a far-reaching revolt, including farmer blockades of dairies and the withholding of milk from the market.
Paraguay soy bean exports have plummeted during the first eight months of the year according to official data released Wednesday in Asunción.
Just two years after wheat prices registered record highs, Chilean producers are finding themselves squeezed between rising costs and cheap imports.
Argentine farmers marked on Friday the end of an eight-day sales boycott with rallies and marches promising to “keep fighting” in support of aid for peers suffering from the worst drought in decades and to eliminate the current export tariffs system which distorts production and threatens several crops.
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.