
The United States Department of Agriculture (USDA) downgraded significantly Argentina’s 2008/09 soy bean crop estimates. Only a month ago the volume forecasted was 43 million tons, but the latest was brought down to 39 million tons.

If forecasts are confirmed the 70 million tons of the 2008/09 Argentine harvest would represent 2.9% of the world’s grain production when in previous crops it had reached 4.2%. Brazil in the meantime will have reached 5.5% of world production. Only a few years ago the difference was minimal with Brazil almost 4% and Argentina above 3%.

Argentina should appeal to “non tariff barriers” to protect itself from the global crisis said Hector Mendez, who this week takes over as head of the country’s largest federation of industries, Industrial Union of Argentina, after having elected to the post.

“Dengue is here to stay” in the Southern Cone and although not controllable it can be prevented , admitted Argentina’s Health Minister Graciela Ocaña as the mosquito transmitted disease reached metropolitan Buenos Aires following thousands of cases in the impoverished north which the government tried to downplay.

Argentina could be at a turning point in its relation with the International Monetary Fund, IMF, particularly following the participation of President Cristina Fernandez de Kirchner in the London G20 summit, according to reports in the Buenos Aires press.

FALKLANDS, Argentine, and Chilean cruise ship tourism is likely to be negatively impacted as a result of a ban on the use and carriage of Heavy Gas Oil (HGO) in Antarctic waters by the International Maritime Organisation (IMO).

Argentina, Paraguay, Bolivia and Ecuador signed Monday in Asuncion an agreement for cooperation in security matters which not only involves “associating” for the procurement of equipment, but defence of sovereignty and territorial integrity and preannouncement of military exercises.

A majority of Argentine feels that the recent death of former president Raul Alfonsin which sparked such spontaneous support for the values enshrined by the “father of democracy” could contribute to the resurgence of the country’s main opposition party to which he belonged, according to the latest public opinion poll published in the Buenos Aires press.

Argentina farmland dedicated to wheat is forecasted to fall to a minimum, with a crop barely sufficient for the domestic market and no surplus to export to its main market Brazil, according to Santiago Cameron president of the country’s Wheat farmers association.

Argentina’s Federal Fisheries Council (CFP) unanimously voted to close the squid (Illex argentinus) fishery south of parallel 46°, as a precautionary protection measure for the southern Patagonian stock. Adopted last week, the move was spurred by the latest scientific data presented on how the major fishery was evolving and its dangerously low catches.