The grounding of two bulk carriers one in the Parana River and a second in the Martin Garcia access canal are evidence of the frail fluvial communications system between the River Plate and the Atlantic, reports the press from the port of Rosario, Argentina’s second largest city and among the world’s main grain export terminals.
Corn advanced heading for the biggest weekly gain in five as concerns that a renewed heat wave in Argentina and south Brazil may damage crops boosted demand for US grain. Soybeans were little changed.
The Argentine government agreed with the main farmers’ organizations to grant credits equivalent to 530 million dollars to help combat the drought that affects a large portion of the country and is extensive to neighbouring countries of the Southern Cone.
Agriculture is part of the solution to the world's environmental challenge and must play a key role at next June's Rio summit on sustainable development, the Brazilian head of the UN food agency said this week.
Argentine corn and soy farms will suffer from hot weather and scant rains for the rest of this week, forecasters said on Tuesday, increasing worries that crop losses will eat into global supplies.
As extreme drought conditions punish Argentina’s crops throughout the country farmers’ organizations are at loggerheads with the government of President Cristina Fernandez, which is refusing to increase the emergency fund for such situations and to alleviate the tax burden.
The trade of illegal and counterfeit pesticides is proliferating in Europe reports Europol. The exceptional ‘low risk – high profit’ margin, combined with the lack of harmonisation in legislation and implementation, make this a fast growing area of organised crime.
Food prices fell in December 2011 with the FAO Food Price Index dropping 2.4%, or five points from November, FAO said on Thursday. At its new level of 211 points, the Index was 11.3% (27 points) below its peak in February 2011.
The Brazilian government lowered 0.1% its estimate for the 2012 harvest that should reach 160.3 million tons, considered a record volume. Overall this year’s harvest should be 0.3% above the 159.9 million tons of 2011, according to data from the Brazilian Geography and Statistics Office, IBGE.
An Argentine farmers’ leader said that Agriculture Minister Norberto Yauhar who tried to downplay the seriousness of the current drought for crops, “is not qualified for the job, plus knows very little about droughts”.