World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to expectations of economic slowdown as governments roll out restrictions designed to respond to the health crisis.
Falkland Islands farmers are deeply concerned because wool prices have crashed to 40-50% below levels of early 2019, and as much as 70% of the Falklands 2019/20 wool clip is as yet unsold.
The United Nations has warned of an impending food shortage due to the coronavirus pandemic as major exporters such as Argentina find it increasingly difficult to sell their produce.
Deprived of customers such as supermarkets, restaurants, and schools due to the coronavirus outbreak and resulting lockdown, British farmers are throwing away thousands of liters of milk.
Market reports suggest that Argentine beef shipments to the European Union have reduced to almost zero amid the global coronavirus pandemic. Sales to China, the main buyer, have dropped below 2019 levels.
The Bahamas flagged vessel named Bader III, which specializes in transporting live cattle, docked last weekend at Estaleiro Rio Grande Pier, Brazil, to handle the largest ever shipment of such cargo at the port.
China has not approved any new Brazilian meat plants for export this year because of the coronavirus pandemic, an official at Brazil’s Agriculture Ministry said, adding that all approvals were on hold until the crisis eases.
Two of the leading international seafood expos and fisheries business hubs have been suspended as a consequence of the coronavirus pandemic. Diversified Communications, which organizes the Seafood Expo North America in Boston said the event, scheduled for March 15/17 has been postponed.
Soybean output for Argentina -- the world's third-largest soy producer and exporter -- is forecast to be at 52 million tons, down 4.6% on February estimates and 6% year on year, in 2019-20 crop year (November-October), on dry conditions in Córdoba and Santa Fe, a Buenos Aires Grains Exchange report said on Thursday.
Argentina’s main farm groups will hold a four-day sales strike this week, officials with local growers groups said on Thursday, to protest a tax hike that soy crushing companies warn will cripple investment in the key sector.