China will begin the sale of state-owned reserves to increase supply in the world’s largest oilseed market, the National Food and Strategic Reserves Administration announced, although no auction volumes or dates were advanced.
French poultry industry group supported the government's decree banning meat imports from animals treated with growth antibiotics, a practice prohibited in the European Union since 2006, but which still needs to be fully implemented particularly for the poultry sector.
While Brazilian President Jair Bolsonaro was in Moscow visiting his close friend and admired populist 'strong man' Vladimir Putin, in the midst of the escalating situation in Ukraine, and brushing off critics saying Brazil is nobody's a puppet, his agriculture minister was in a more strategic mission, --in another outcast country--, but crucial for the booming farming sector.
The threat of a full-scale war has increased fears of shortages in the near future, driving prices up. The ton of soybeans rose 2.4% and closed at US$ 615.45, while corn grew 1.3% to close at US$ 269.19 and wheat climbed 3.6% and to reach US$ 321.87, it was reported.
Some of the first consequences of the Ukraine conflict? Belarus, a close ally of Russia's Vladimir Putin, has announced that the Belarus Potash Corporation, BPC, will no longer abide by some contracts following sanctions imposed by the United States and other countries.
United States keeps breaking records and slowly taking the global beef exports leadership, at least in terms of revenue according to the latest figures from the US Department of Agriculture, USDA. A situation which is having its impact on Brazil, a longtime top of the list in beef exports.
The Argentine beef industry is optimistic about world meat production and global demand this year, with China again playing a leading market role. A report issued by Argentina's Rosario Stock Exchange (BCR) and the Mercado Ganadero Department (Rosgan), world beef production will reach 58 million tons, representing a 1% increase over 2021.
The gauge for world food prices went up in January, largely catalyzed by supply-side constraints for vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reported. The FAO Food Price Index averaged 135.7 points in January, 1.1 percent higher than in December. The Index tracks monthly changes in the international prices of commonly-traded food commodities.
The Union of Production Guilds Paraguay Wednesday said it foresaw 2022 will be a tough year for the agricultural sector due to the current drought which will mean, among other setbacks, the worst soybean harvest in the last 25 years, or US $ 2 billion less to the country's economy.
Several Asian countries have suspended the import of Canadian beef, following a case of mad cow disease. China, South Korea, and the Philippines have temporarily halted imports of Canadian beef where an “atypical” case of bovine spongiform encephalopathy (BSE), commonly known as mad cow disease, was reported.