
The prize of farmland in Paraguay has fallen significantly because of insecurity and the slide in international prices for oil seeds, mainly soybeans, according to a report from the head of the Agronomy Department at the University of Asunción, Ricardo Garay.

Paraguay rejected this week Brazil’s proposals regarding the non renegotiation of the Itaipú treaty which regulates energy production from South America’s largest hydroelectric dam shared by the neighbouring countries.

Mercosur “has not advanced sufficiently to promote symmetries” said Paraguayan president Fernando Lugo on Thursday during a ceremony at the Executive palace to commemorate the 18th anniversary of the signing of the South American customs union made up of Argentina, Brazil, Uruguay and Paraguay.

Paraguay is a poor country and is fighting for a fair market price for its share of energy generated at South America’s largest hydroelectric dam shared with Brazil. “Somehow we are subsidizing Brazil’s energy”, said Paraguayan president Fernando Lugo in an interview with the Spanish daily El Mundo.

Beer consumption in Paraguay is eight times that of milk according to the Paraguayan Chamber of Dairy Industries based on information from the Pan-american Health Organization.

The Paraguayan government admitted a low intensity dengue epidemics following 360 cases reported in hospital emergencies of which 179 remain highly suspicious of having been contaminated by the mosquito transmitted disease.
Mercosur weakest member, landlocked Paraguay will be appealing for funds from multilateral organizations to balance this year's budget, announced Finance minister Dionisio Borda.

Paraguayan health officials confirmed the first case of dengue fever here so far this year and announced a health blockade along the border with Argentina after the deaths of two men from yellow fever in the neighbouring country.

The Paraguayan GDP expanded 5.8% in 2008 with a good performance in almost all sectors and a record per capita income, according to preliminary figures from the Central Bank released this week.

Land locked Paraguay is suffering a shortage of fuel because a serious drought has left the main river, and lifeline, too shallow for vessels with a plus ten feet draught, according to the capital Asunción press.