Agriculture

Friday, August 5th 2016 - 12:18 UTC
Moody's lowers Uruguay's banking system outlook to negative: inflation remains main challenge

Moody's has lowered its outlook on Uruguay's (Baa2 negative) banking system to negative from stable on the expectation that asset risks will rise moderately as challenging economic conditions weigh on consumers and businesses alike, and profitability will decline.
Thursday, August 4th 2016 - 22:59 UTC
FAO Price Index reports modest decline in July as grains and vegetable oils drop

The international prices for major food commodities saw a modest decline in July, following five consecutive months of increases. The FAO Food Pice Index (FPI) averaged 161.9 points in July 2016, slipping 0.8 percent (1.3 points) below its level in June and 1.4 percent below its level of July 2015.
Tuesday, August 2nd 2016 - 06:35 UTC
Temer hails beef agreement with the US; expects sales to reach US$ 1b next year

Brazil's acting president, Michel Temer, on Monday hailed the opening of the U.S. market to Brazilian beef, saying that it will help create new jobs and will expand trade for Latin America's largest economy.
Tuesday, August 2nd 2016 - 06:19 UTC
US and Brazil agree to open each others' beef market

The United States and Brazil have agreed to allow access to each other's beef markets after more than a decade of negotiations. Brazil's Ministry of Agriculture, Livestock and Food Supply has agreed to imports of U.S. beef for the first time in 13 years, USDA announced today. And the U.S. will accept Brazilian beef for the first time since 1999.
Wednesday, July 27th 2016 - 12:57 UTC
Wet weather conditions Argentine wheat crop; 2016/17 corn area expected to expand

Hopes for a revival in Argentina’s wheat production are falling, even as ideas for corn growing continue to mount, in part at the expense of soybeans, for which seed availability has emerged as an issue. Argentina’s wheat production will increase in 2016-17, but not by as much as had been thought, the US Department of Agriculture bureau in Buenos Aires said, cutting to 13.7m tons their harvest forecast.
Thursday, July 14th 2016 - 07:27 UTC
Higher forecasts for wheat output and cereal consumption in 2016/17

FAO's Cereal Supply and Demand Brief pointed to improved production prospects primarily for wheat. Global wheat production is now pegged at 732 million tons, more than one percent higher than anticipated in June, mainly due to improved prospects in the EU, the Russian Federation and the U.S., as a result of better weather conditions.
Thursday, July 14th 2016 - 07:23 UTC
Food commodity prices shot up 4.2% in June, steepest in four years says FAO

International food commodity prices shot up 4.2% in June, their steepest monthly increase of the past four years. The FAO Food Price Index averaged 163.4 points in June and is now one percent below the level reached a year earlier. The June rise, which affected all commodity categories except vegetable oils, was the fifth consecutive monthly increase.
Tuesday, July 5th 2016 - 07:49 UTC
Temer calls for “national reunification” at a friendly agro-business forum

Brazil's interim president, Michel Temer emphasized the role of agro-industry in the country's development and called for “national reunification” to guarantee jobs in the sector.
Tuesday, July 5th 2016 - 07:21 UTC
OECD-FAO forecasts agriculture prices will remain relatively flat overall in next decade

The recent period of high agricultural commodity prices is most likely over, say the OECD and FAO in their latest 10-year Outlook. But the two organizations warn of the need to be vigilant as the probability of a major price swing remains high.
Tuesday, June 28th 2016 - 07:28 UTC
Rousseff signed budget decrees without congressional approval, claim Senate experts

A nonpartisan team from the Brazilian Senate budget analysts on Monday handed potential legal ammunition both to opponents and supporters of suspended President Dilma Rousseff as she tries to survive n impeachment trial.