Brazil expects soybean exports to reach 76.8 million tons in 2022, a 200,000-ton decrease from the estimate released in June, while oilseed processing in the country was adjusted upwards, with good margins for the production of bran and oil, according to Abiove, the Brazilian Association of Vegetable Oil Industries
Warehouses in Brazil are still full of soybeans, harvested just a few months before corn. In the state of Mato Grosso, soybean production was high this season, but at the same time sales are slower than usual, leaving warehouses with no space for corn, according to Cleiton Gauer, superintendent of the Mato Grosso Institute of Agricultural Economics (IMEA).
Bilateral trade between Mercosur partners Brazil and Argentina was reported to have reached US$ 2,937 million in the month of June of 2022, a 46.9% increase against the same period of 2021, according to the Argentine Chamber of Commerce (CAC) document released earlier this week.
Given more optimistic prospects for the supply of corn and wheat, Brazil's National Supply Company, Conab, increased, slightly, the estimate for the 2021/22 market year grain harvest. Overall this has meant that Brazil is expected to have a crop of 272.5 million tons of grains in the current season, 6.7% greater than the previous season.
The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) reported on Friday
Brazilian exports of beef during the second half of the year should keep their bullish pace anticipates a report from Netherlands Rabobank, given the strong demand from China, United States, Egypt and the United Arab Emirates, reflected in an estimated 10% tonnage increase over 2021.
Drought is causing havoc in Argentina and Paraguay. Argentina’s wheat crop for the 2022/23 season is the most delayed in a decade, as a period of lack of rainfall and early frosts is forcing farmers to delay planting the winter crop.
The Brazilian federal government launched last week the 2022/2023 agribusiness financing plan (Plano Safra), which will provide a total of Reais 340.8 billion (some US$ 65 billion) in credit to support the agri-business industry during the next twelve months.
A first cargo ship loaded with grain has left the Russian-occupied Ukrainian port of Berdyansk, a local official announced on Thursday, after Russia said the port had been de-mined and was ready to resume grain shipments.
France became the first EU country to ban words like “steak” and “sausage” applied to plant-based food. The decree becomes effective next October and states, “it will not be possible to use sector-specific terminology traditionally associated with meat and fish to designate products that do not belong to the animal world and which, in essence, are not comparable”.