
A leading beef-exporting group in Argentina, which earlier this week had stood up to the Government's demands that the domestic market should be prioritized over shipments abroad, has given in to the authorities' warning and agreed to supply their share of cuts at Cared-for Prices.

The international produce company Frutura has bought over the Uruguay-based Citrícola Salteña, a leading global supplier and marketer of high-quality citrus and juice.

Argentina's Agriculture and Livestock Minister Julián Domínguez has warned beef exporters that those who fail to supply the local market in accordance with the Government's plan will be banned from selling their products abroad.

France and Spain have requested the European Union to loosen up its requirements for the import of cereals given the current impact the war in Ukraine is having on the price of food globally, it was reported.

United States Department of Agriculture (USDA) is planning to invest an initial sum of US$250 million for the production of fertilizers in the country. USDA said the goal is the reduction of input costs, which have been strongly affected by the sanctions imposed on Russia, (a leading global supplier) and stimulate competition in the US.

Mercosur country members plus associate Chile and Bolivia (in the process of joining the block) want fertilizers excluded from the list of sanctions on Russia, according to Brazilian Agriculture minister Tereza Cristina da Costa Dias.

Gustavo Grobocopatel, one of Argentina's most successful farming businesspeople said that the understanding reached with the IMF does not solve the country's problems, IMF merely agreed “to kick the can down the road” and give Argentina time to change its production matrix.

Ecuadorian banana producers in the coastal provinces of Guayas, Los Rios, and El Oro, have staged road blockades demanding the government to step in and purchase the surplus resulting from Russia's military operation in Ukraine.

The government of Argentine Sunday decided to shut down all registrations for new soybean oil and soybean meal exports until further notice, it was announced. Authorities are also said to be planning a 2% rise to export taxes of industrial by-products, to level it up with the 33% charged to soybeans.

Ukraine’s government has suspended rye, barley, wheat, millet, and salt exports until the end of the year, while new rules for overseas sales of corn, buckwheat, sugar, live cattle, and meat have also been established.