The Safras & Mercado consultancy revised Argentina's soybeans production estimate for 2022/2023 of some 24.8 million tons, dramatically down from the previous forecast in March of 31.4 million tons.
Brazilian exports of fresh beef reached 124,440 tons in March, a drop of 26.4% year-on-year, amid the self-imposed suspension of protein shipments to China that was only lifted at the end of last month, according to data from the federal government this month.
Brazil has enough potential to supply up to half of the soybeans that Argentina will import to keep its industrial park running in the face of the historic drought that ravaged the 2022/23 crop in the country, which is usually the largest exporter of soy oil and soy meal in the world.
Argentine Economy Minister Sergio Massa Thursday announced the creation of the so-called “agro dollar,” a new exchange rate for agrifood exports, which seeks to help replenish the country's impoverished coffers while simplifying foreign currency operations for all rural producers.
Chilean health authorities Wednesday confirmed the first case of a human patient suffering from avian flu. It is a 53-year-old man from the city of Arica in the northern part of the country, who has been reported to be stable.
Brazil’s soybean output and exports in 2023 will be higher than expected, Brazilian oilseed lobby Abiove announced this week, as local farmers harvest a bumper crop. Abiove now estimates Brazil’s soy production at a record 153.6 million tons, one million more than the last projection last January.
Brazil’s main trading partner, China, is the destination for over a quarter of total Brazilian exports, involving more than US$90 billion in 2022 in transactions of commodities such as soy, crude oil, and iron ore – products that dominate the bilateral agenda between the two nations.
Argentina’s soybean imports are expected to more than double this season due to the devastating impacts of the historic drought on the country’s 2022/23 harvest, the country’s Rosario grains exchange said in a report.
China reopened its market for beef exports from Brazil las week, Thursday (3/23). The information was passed on to the Minister of Agriculture, Carlos Fávaro, and to the Brazilian delegation in Beijing by the country’s General Administration of Customs (GACC).
The Veterinary Department can confirm that, following a major implementation of enhanced bio-security across the Islands, there have, to date, been no confirmed cases of avian influenza (bird flu) in the Falkland Islands wild or domestic birds.