Brazil is prepared in the event China removes tariffs on U.S. soy, which had driven down prices for the oilseed in Chicago and driven up the premiums over U.S. prices paid for Brazilian beans, outgoing Agriculture Minister Blairo Maggi said on Friday.
The United States government officials on Thursday hailed China's first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come.
An Arizona meat processor in the United States is recalling 12 million pounds of raw beef that health officials say already has sickened 246 people in 25 states with salmonella. JBS Tolleson Inc. said it was voluntarily expanding an October recall by about 5 million pounds, making it one of the largest recalls of ground beef in history.
Uruguay's exports of dairy products between January and November were worth 636 million US dollars, which represents a 17% increase compared to the same period last year, the National Milk Institute (INALE) announced Monday.
Venezuelan ruler Nicolás Maduro Thursday announced he had signed a series of bilateral agreements during his meeting with Russian President Vladimir Putin in Moscow. The cooperation accords are on mining, oil, telecommunications, weapons and food.
Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel. A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tons to a 12-year low and more switching to the biofuel next season could help to wipe out a global surplus weighing on sugar prices.
Australia on Tuesday lowered its wheat production forecast by 11% to the smallest in a decade amid a crippling drought across the country’s east coast that may cut exports from the world’s fourth biggest supplier.
China's president on Sunday signed new trade deals with Argentina as the Asian giant expands its growing role in Latin American economies. Presidents Mauricio Macri of Argentina and Xi Jinping of China announced the more than 30 agriculture and investment deals during a state visit following the Group of 20 summit of leaders in Buenos Aires.
ICC Labs Inc., a subsidiary of Canada’s Aurora Cannabis Inc., opened Wednesday in Montevideo and became the subcontinent's first producer of cannabis-derived pharmaceuticals with a capacity “to supply almost the entire South American continent,” according to the company's CEO Alejandro Antalich.
Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the country's international trade secretary, Marisa Bircher, said. The agreement, expected to be signed within days, would simultaneously open beef imports to both countries, Bircher told Reuters in an interview.