Agriculture

Friday, June 5th 2015 - 10:17 UTC
FAO's Food Price Index in May was down 20.7% from a year ago

Major food commodity prices declined again in May, hitting an almost six-year low as cereal prices fell substantially amid a favorable outlook for this year's harvests. The FAO Food Price Index averaged 166.8 points in May, down 1.4% from April and as much as 20.7% from a year earlier.
Monday, June 1st 2015 - 07:42 UTC
Argentina's soybean crop forecasted to be comfortably above 60m tons

Surprising Argentina: with over 90% of the soybean crop harvested, (approximately 17.2 million hectares), the Buenos Aires Cereals Stock exchange has again risen the total 2014/15 crop estimate to over 60 million tons.
Monday, June 1st 2015 - 07:25 UTC
Argentine oil-crushing industry unions back to work after 26-day strike

Argentine oil crushing industry workers reached over the weekend a much disputed salary agreement, ending a 26 day strike, and hopefully resuming activities which have paralyzed the Rosario cereals and oilseeds stock market and forced a queue of over 140 vessels and barges along the Paraná river.
Friday, May 29th 2015 - 09:05 UTC
Oil crushers strike in Argentina on 25th day; 100 vessels delayed waiting to load

The head of an Argentine soy crushers' union expressed optimism on Thursday that a salary agreement was near and would end the strike, which has affected the key Rosario soy market.
Thursday, May 28th 2015 - 06:24 UTC
Libor rate rigging trial reveals “scratch my back, I'll scratch yours” dealings among traders

The trader at the centre of the Libor rate-rigging trial tried to influence other banks to manipulate the key benchmark rate to suit his own trading positions, a jury at Southwark Crown Court has heard. Tom Hayes allegedly told one trader that he had managed to keep the three-month Libor rate “artificially high”.
Wednesday, May 27th 2015 - 04:59 UTC
Argentine economic activity up 2% in March, but industrial production down

Good and bad news for Argentina's economy: the latest figures from the National Statistics and Census Institute (INDEC) reveal that economic activity increased 2% percent in March, compared to the same month last year, but industrial production recorded its 21st negative consecutive month in April.
Saturday, May 23rd 2015 - 06:06 UTC
Argentina's soy market paralyzed by oilseed crushers union three weeks strike

The soy market in Argentina's pivotal grains hub was virtually paralyzed for the fifth day on Friday as most exporters refrained from purchases in a bid to pressure the government to resolve a nearly three-week long strike among crushing workers.
Thursday, May 7th 2015 - 05:22 UTC
US for third year running main wheat supplier for Brazil displacing Argentina

For a third year in a row the United States will be the top wheat supplier for Brazil, displacing Argentina from its historic position, according to the latest release from Brazilian consultancy Trigo & Farinhas. This piece of information is significant given the world prices for grains and wheat planting prospects in South America.
Monday, May 4th 2015 - 14:16 UTC
Avian flu in the US: third state declares state of emergency

State of Iowa Governor Terry Branstad declared a state of emergency due to a rapidly expanding avian flu outbreak, saying the entire state was at risk from the spread of the disease.
Saturday, May 2nd 2015 - 07:34 UTC
Uruguay's meat exports in four months total 550m with beef the main item, 454m

Uruguay exported meat, offal, meat products and by-products worth 550 million dollars in the year up to 18 April, 8% more than the same period of 2014. Beef exports totaled 454 million in the first months of the year, with the main buyers including China, member countries of the North American Free Trade Agreement (NAFTA), the European Union, Israel and MERCOSUR countries.