Brazil shipped 4.1 million tons of soybeans to China in August, down 40% year on year, according to the Secretariat of Foreign Trade of Brazil, or Secex. Though Secex didn’t provide any reason for the sharp drop, but trade sources cited rising competition from Argentina and African swine fever among the reasons for the decline.
Argentine farmers, anxious about an increasingly murky political outlook and economic turmoil, are turning toward soy over more expensive corn to cut costs, a shift that could impact next season’s harvest in one of the world’s top grain exporters.
The area in Brazil to be planted with soybeans in the 2019-20 season, which starts this month, will grow by the slowest pace in 13 years as a global trade war and swine fever in China cloud the outlook for farmers, according to analysts at AgRural.
The American Petroleum Institute on Tuesday urged the Trump administration to reject proposals floated by U.S. farmers and ethanol producers to boost ethanol demand, the latest development in the clash over bio-fuel policy.
The extreme south Argentine province of Tierra del Fuego has sent letters to the Foreign Ministry and to the Malvinas, Antarctica and South Atlantic Department expressing concern about a Falkland Islands stand at the British pavilion in the coming international agriculture show in Prado, Montevideo, Uruguay to take place between September 3 and 15.
The man widely expected to become Argentina’s next president asked farmers from the country’s key grains sector on Thursday to put aside their bitter differences with the government of his running mate, former President Cristina Fernandez de Kirchner, and move forward with him.
Amid trade tensions with the US, China's July soybean imports from Argentina increased 328% month on month and 269% year on year to 1.07 million metric tons, according to customs data.
The record number of fires in Brazil's Amazon rainforest has coincided with a sharp drop in fines for environmental violations, BBC analysis has found. Official data from Brazil's environment agency shows fines from January to 23 August dropped almost a third compared with the same period last year.
Brazilian warplanes are dumping water on the burning forest in the Amazon state of Rondonia, responding to a global outcry over the destruction of the world's largest tropical rainforest, according to a government video.
G7 leaders gathering in France this weekend plan to hammer out “concrete measures” in response to the wildfires raging in the Amazon rainforest, putting them on a collision course with Brazil's rightwing leader.