Cuban and Argentina have agreed on mutual agricultural cooperation to boost the livestock of the Caribbean country with the support of the National Institute of Agricultural Technology (INTA) and Argentine companies, it was announced Tuesday.
World food commodity prices declined modestly in May for the second consecutive month, although wheat and poultry prices pushed higher, the Food and Agriculture Organization of the United Nations (FAO) reported.
Brazilian rice exports (husk base) totaled 451.3 thousand tones during the first quarter, more than double the same period in 2021 when 207.7 thousand tons were shipped, reports the Brazilian Rice Industry Association (Abiarroz).
Plunging demand for soy oil in China is expected to cut consumption of the oilseed in the world’s biggest user as lockdowns to prevent the spread of COVID have shuttered restaurants and canteens, according to traders and analysts. China is the world’s top consumer of edible oils, with millions of restaurants guzzling about half of the country’s roughly 17 million tons of soy oil, made from crushing soybeans.
A most unusual low water level of the Paraná river has caused losses of nearly US$ 280 million so far in 2022 to Argentine rural producers and exporters, it was reported.
The intense heat wave in India which has turned out to be the hottest spring in the last one hundred years is having its impact on people, fauna and agriculture. Thermometers recording 50 degrees centigrade, and the lack of water, has forced the government in New Delhi to halt all wheat exports, in anticipation of any shortages that could lead to extreme situations.
Because of forecasted dry weather the Rosario Grains Exchange anticipates a lesser wheat crop in Argentina for the 2022/23 season. The Exchange projects Argentine wheat production to decline to 19 million tons, down from a record the 22.1 million tons in 2021-22, as a La Niña weather pattern is expected to reduce rainfall in the coming months.
Brazil had anticipated a bumper corn crop this year after drought ravaged the country’s soybeans just months ago and its corn a year ago, but dry weather again threatens to curb the potential of its second crop.
World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported.
Soybeans, corn, sugar, coffee, beef, pork, and chicken are the main goods in Brazil’s export portfolio, and should benefit from the current 'food inflation' in world markets until probably 2023, says analyst Elizabeth Johnson from the TS Lombardy consultancy.