Former Brazilian President Luiz Inácio Lula da Silva of the Workers' Party (PT, left) Friday announced in an official manner that his former rival in the 2006 elections, Geraldo Alckmin, will be his running mate Oct. 2.
IBGE, the Brazilian Institute of Geography and Statistics cut the country's cereals, pulses, and oilseeds output estimate. According to the Statistics of Agricultural Production, conducted in March, Brazil will harvest an output of 258.9 million tons in 2022, 1% below (2.7 million tons less) than anticipated in February.
Brazil is forecasted to have a beef production of 9.85 million tons (in carcass-weight equivalent) in 2022, according to the estimates from the United States Department of Agriculture (USDA). Such a volume should exceed the 9.5 million tons recorded in 2021.
Belarus announced that it is authorizing licenses for the export of potash beginning this month, according to the official news agency RIA. Russia's close ally is the world’s third-largest producer of potash, widely used in soy production. Belaruskali, a local state-owned company, is among the world’s leading companies in the field.
Despite a reduction of 10.5 million tons from the original estimate, leaving total production well off the record of 138.8 million tons from 2021, the Brazilian Association of Vegetable Oil Industry did not change its processing forecast for this year, which is projected at 48 million tons with healthy margins in the manufacture of bran and oil.
Brazilian fertilizer stocks amount to at least 13 million tons, including the inputs that have been already internalized and the ones that have been ordered. The statement comes from David Roquetti Filho, a former board member of ANDA, Brazil's National Association for Fertilizer Diffusion, and currently an independent business consultant.
Chile has decided to extend for three months the agriculture emergency decree to 231 farming communities in the central part of the country because of the lack of rainfall and severe drought.
Paraguay's meager output of soybeans this year will prevent it from capitalizing on soaring international prices, it was reported in Asunción.
As a result of the Russian invasion, Ukraine's agricultural minister Roman Leshchenko said he expects his country's spring crop area may be halved this year to only 7 million hectares.
Brazilian oilseeds and grain exports are booming. China's purchases of soybeans more than doubled in the first two months of the year, while husk rice overseas sales during February jumped 65% compared to a year ago.