Agriculture

Tuesday, November 1st 2022 - 10:00 UTC
Argentine drought will force Brazil to purchase wheat in non-Mercosur suppliers

Brazil will need alternative wheat sources because Argentina, its traditional supplier, is facing a serious crop insufficiency as a result of a serious drought that has curtailed production and compromised export volumes. Market analysts expect Brazil will thus have to look for supplies in potential providers such as the United States, Canada and even Russia.
Monday, October 31st 2022 - 10:01 UTC
Russia suspends Black Sea export corridor for Ukrainian grains following “terrorist” drone attack

As had been anticipated, Russian Defense Ministry said that Moscow would suspend its implementation of a UN-brokered grain export deal if attacks continued on Sebastopol where the Russian Black Sea is headquartered.
Saturday, October 29th 2022 - 10:20 UTC
Climate variability complicating crop sowing in Brazilian farming states

Climate variability and excessive rainfall have delayed the planting of Brazil’s 2022/2023 soy crop, which reached 34% of the estimated area, against 24% in the previous week and 38% in the same period last year, according to a survey by AgRural released this week.
Saturday, October 29th 2022 - 09:41 UTC
Brazil will construct a fertilizer plant in the southern state of Paraná, close to Argentina and Paraguay

he Brazilian Social Development Bank (BNDES) will finance the construction of a fertilizer factory and accessory storage facilities in Paranaguá for an estimated US$ 15 million.
Thursday, October 27th 2022 - 10:08 UTC
Boosted by fertilizers, Brazil/Canada bilateral trade breaking records

Another record year for Brazil/Canada bilateral trade. Between January and September of this year, the trade flow – which represents the sum of imports and exports – totaled US$ (FOB) 8.223 billion, surpassing the US$ (FOB) 7.497 billion accumulated in the 12 months of 2021.
Wednesday, October 26th 2022 - 07:37 UTC
Challenge for Brazil beef market: plenty of cattle, domestic demand flat and China bargaining prices

Brazilian cattle prices are down this year and strong demand for the country’s beef exports will widen Brazilian meatpackers’ margins in the short term, according to analysts, though weakness in the domestic market could undercut those gains.
Saturday, October 22nd 2022 - 10:18 UTC
Ukraine corn expected to help cope with EU's lowest maize crop in 15 years

As drought and lack of humidity ravages French corn fields, an abundant production and sales from Ukraine is helping to overcome shortages and market distortions, according to the French consultancy Strategie Grains.
Saturday, October 22nd 2022 - 10:15 UTC
Argentina's wheat harvest the worst in seven years caused by climate variability

Argentina's projected wheat harvest, “is in a very critical situation, and could get worse”. announced Rosario grains exchange which cut its 2022/23 harvest forecast to 15 million tons, down from 16 million tons estimated last week
Friday, October 21st 2022 - 09:28 UTC
Emergency declared in Uruguay due to poor rainfalls

Uruguay's Minister of Livestock, Agriculture and Fisheries, Fernando Mattos Thursday announced the Government had declared a national emergency due to poor rainfalls.
Tuesday, October 18th 2022 - 10:00 UTC
September, record export month for Brazilian agribusiness: US$ 14 billion

Brazilian agribusiness exports reached US$ 13.97 billion in September 2022, a record for the month with a 38,4% increase compared to the corresponding period of 2021. In addition to the increase in prices, which rose 17.2% between September 2022 and September 2021, the volume exported was up 18.1%.