London’s insurance industry is gearing up to cover Ukrainian grain and fertilizer shipments via a safe corridor, which could require up to US$50 million per insured cargo, industry sources said this week.
Brazil shipped 55.1 million tons of soybeans in the first half of 2022, which is 8.87% less than in the same period of 2021 (60.5 million tons), according to the National Association of Cereal Exporters. (Anec).
Colombia's coffee production for the year 2022 will reach 12 million bags, weighing 60 kilos each, according to National Federation of Coffee Growers (FNC) Manager Roberto Velez.
The main Argentine agriculture and business show is annually held on the grounds of Palermo, since Saturday in its major ring where the best cattle, sheep, and horses of the event are paraded, has in the center peaty soil from the Falkland Islands.
Despite the political upheaval in Argentina, which seems to have temporarily quietened, whether preparing for an even worse storm, or heading for a reasonable path of rationality yet to be seen, the country one of the world's most efficient breadbasket, is again managing extraordinary crops of corn and wheat.
After Thursday's announcement of a large-scale cabinet reshuffle at Casa Rosada, the administration of President Alberto Fernández also announced the new destinations of the departing officials.
Brazilian president Jair Bolsonaro reiterated his opposition to economic sanctions against Russia and described the Brazilian government's position in the Ukrainian conflict as one of “equilibrium” since Brazil needs a steady supply of Russian fertilizers for its powerful agribusiness sector.
Argentina's monetary authorities Tuesday announced the creation of the “agrodollar,” a special exchange rate for agrifood exporters to liquidate their revenues through formal channels at an exchange rate closer to the parallel (“blue”) quotation.
Brazil's Economy Ministry Monday confirmed that the United Kingdom had decided to no longer apply protective tax measures on the import of steel plates and cold-rolled steel products.
Argentine President Alberto Fernández Friday insisted that many of the country's problems stemmed from the reluctance of agriculture exporters to liquidate the over US$ 20 billion they have collected from sales abroad over the past few months, out of speculation regarding the exchange rate between US currency and local pesos.