
Brazil and Argentina, the biggest soybean producers after the US, may harvest as much as a combined 120 million metric tons of the oilseed this year as rain boosts yields, Cargill Inc.’s Jose Luiz Glaser said.

Argentina’s Economy Minister Amado Boudou and Central Bank Governor Mercedes Marcó del Pont announced the appointing of the Council of Exchange, Financial, Economical and Monetary Politics.

As the “Ocean Guardian” oil rig was this morning due to arrive at Desire Petroleum’s prospecting site 100 miles off the Falkland Islands, Argentina’s latest efforts to disrupt exploration were treated to a cool response by the United Kingdom and Falklands elected authorities, reports this Friday edition of the Penguin News.

The Argentine government is looking into the British oil companies involved in the Falkland Islands exploratory drilling operation checking on their possible links to interests in Argentina (and if so the infringement of legislation of Argentine legislation), according to reports in the Buenos Aires press.

Argentines expect consumer prices to rise 31.1% over the next 12 months, led by higher forecasts from the lower income category, according to the average estimate in a poll from Torcuato Di Tella University.

Argentina will be pressing next Monday for support from Latinamerica and the Caribbean, and on Wednesday at United Nations, in its dispute over the oil drilling round about to being in the Falkland Islands.

A consumer group had called on Argentines, world leaders in beef consumption, to boycott the meat for a week in an effort to lower prices, according to news reports from Buenos Aires.

Argentine President Cristina Fernández de Kirchner defended her decision to place stronger controls on navigation and shipping within the Falklands called on the United Nations to force the United Kingdom to come through on negotiations over the sovereignty of that territory.

Former Argentine president Nestor Kirchner (2003/2007) is scheduled to reappear in a political rally next week for the launching of his presidential pre-campaign, the first such appearance since he underwent an emergency and delicate surgery in his carotid earlier in the month.

Argentine ports received 9,246.4 tons of common hake (Merluccius hubbsi) between January 1 and February 12 this year which is 60% less than the 23,200 tons for the same period a year ago.