Dry weather across some of the major producing regions in South America is putting upward pressure on corn and soybean prices at the start the new year. Dryness is expected to continue through the short term across southern Brazil and especially in the main-producing states in Argentina.
Argentina is holding the pro tempore rotating chair of Mercosur during the next six months and three are its main objectives during that period according to foreign ministry sources in Buenos Aires. They include Bolivia, the Falklands/Malvinas claim and trade accords and negotiations with other countries.
Mercosur countries will address environmental concerns raised by the European Union that have stalled ratification of a free trade deal between the two trade blocs, Argentina’s foreign minister said on Monday.
Distrust in Europe of Brazilian President Jair Bolsonaro's government is holding up ratification of a trade deal between the European Union and Mercosur, the EU ambassador to Brasilia said.
Uruguay will hand to Argentina next 16 December the pro tempore chair of the South American trade bloc Mercosur. The ceremony as happened six months before with Paraguay will be virtual given the coronavirus pandemic, according to a release from the Uruguayan Executive Office.
Two beef producers from Brazil and one from Argentina have had their exports to China suspended for one week after packaging of their products tested positive for traces of COVID-19, customs said. China's General Administration of Customs (GAC) made the announcement.
The International Contact Group issued a statement on Tuesday to reject the parliamentary elections organized by the dictatorship of Nicolás Maduro last Sunday in Venezuela. The block indicated that the electoral process did not comply “with the conditions accepted internationally, nor with the Venezuelan laws.”
Until Brazil makes a political commitment to curb deforestation in the Amazon rainforest, the trade deal between the European Union and South America’s Mercosur trade bloc will not advance toward ratification in Europe, the EU’s envoy in Brasilia said.
Former Uruguayan President Tabaré Vázquez died on Sunday morning aged 80 from lung cancer, which he had been suffering from since 2019, in the final stretch of his second presidency. His successor, President Luis Lacalle Pou, announced three days of national mourning.
Uruguay detected 284 new Covid-19 cases on Friday, reaching the record number of 1825 active cases, a few days after the barrier of a thousand cases was overcome and the government of Luis Lacalle Pou announced restrictive mobility measures last Monday.