ICC Labs Inc., a subsidiary of Canada’s Aurora Cannabis Inc., opened Wednesday in Montevideo and became the subcontinent's first producer of cannabis-derived pharmaceuticals with a capacity “to supply almost the entire South American continent,” according to the company's CEO Alejandro Antalich.
Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the country's international trade secretary, Marisa Bircher, said. The agreement, expected to be signed within days, would simultaneously open beef imports to both countries, Bircher told Reuters in an interview.
Brazilian food company Minerva SA has signed memorandums of understanding with China's Alibaba and another five clients in the world's most populous nation to supply frozen beef for a period of five years.
The industrial production in Argentina dropped 4.8% in October compared to the same period a year ago, accumulating a seven-month consecutive slide, according to the Center of Economic Studies from Orlando Ferreres. Between January and October manufacturing activity registers a 3.5% contraction relative to the same period in 2017.
Farmers, dairy product manufacturers and trade representatives in Uruguay and Argentina are hearing a New Zealand take on current agricultural issues this week.
Tereza Cristina, tapped by President-elect Jair Bolsonaro to head Brazil's Agriculture Ministry, said on Wednesday the country could decide to abandon the Mercosur trade bloc if it failed to address inequality.
Brazil's Mato Grosso farmers are happy about their soybean planting progress this year, as they have finished sowing almost 90% of their soybean acres and are expecting an early harvest at the end of December.
The standardisation of products through technology advancements has helped Chilean fruit exporters conquer China as a destination, it was the reported.
The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of US shipments to Argentina just rose to the highest in at least 35 years, U.S. government data showed Tuesday.
Brazil’s top appeals court has ordered the release of one of meat processor JBS’ controlling shareholders, Joesley Batista, and Ricardo Saud, a lawyer for J&F Investimentos, which controls JBS. Both were arrested on Friday in an investigation into illegal campaign contributions and alleged bribery of government officials.