
The main ethanol lobby in United States, Renewable Fuels Association, RFA, said that the growing demand for renewable fuel based on corn is not responsible for the recent increase in milk and dairy products worldwide.

Venezuela may need to apologize to Brazil's Congress if it wants to join Mercosur cautioned Brazil's Foreign Affairs minister Celso Amorim in an interview published Thursday in the capital Brasilia.

Mercosur Foreign Affairs and Finance ministers met Thursday in Paraguay ahead of the presidential summit scheduled for Friday when the trade block's six months rotating presidency will pass from Paraguay to Uruguay.

Several Brazilian industry organizations are strongly lobbying Congress and President Lula da Silva to stop the incorporation of Venezuela to Mercosur, on the terms originally agreed, according to Valor, a publication which usually reflects the interests of the industrial sector.

Chile?s Free Competition Tribunal, TDLC, fined Lan Airlines and Lan Cargo the equivalent of 128.000 US dollars each for non competition practices in the transport of international cargo to Punta Arenas, where both companies have a dominant situation, according to the ruling.

A pilot experience between Argentina and Brazil regarding trade in local currency, reduction of asymmetries between senior and junior members and the official creation of the Bank of the South figure in the agenda for this week's Mercosur summit in Paraguay.

Headlines:
Prince "bowled over" by Islands; Birthday honour for former AG; Islanders at C24; More Liberation PNs on the way; Coming up next week in Penguin News.

Argentina?s lack of coherence and inconsistent foreign policy has been one of the major obstacles in making effective the Malvinas islands sovereignty claim, admitted outgoing Argentine ambassador before United Nations, Cesar Mayoral in a Tuesday interview with Buenos Aires daily Clarin.
A commemorative event in central London is scheduled for this Sunday to mark the 25th anniversary of the liberation of the Falkland Islands from Argentine forces, following the 1982 South Atlantic conflict.
The European Union decided this week to lower export subsidies for all dairy produce to zero, a decision which has been hailed by Mercosur member countries since Argentina and Uruguay are two important exports of milk, cheese and by products.