The Cuban government has awarded in usufruct over a million hectares to small farmers one of the main reforms promoted by President Raúl Castro to help the country’s economy recover from its deep recession and cut the huge imported food bill that conditions Cuban international reserves.
Paraguay expects an annual growth of 5% by the end of President Fernando Lugo’s administration which finishes in 2013 and inflation should not be higher than one digit said Economy Minister Dionisio Borda.
Gustavo Grobocopatel also known as the Soy King of Argentina praised Uruguay’s conditions for corporate growth and said the country in the last seven years has undergone “revolutionary changes”.
The European Union and Mercosur will officially re-launch negotiations for a trade and cooperation agreement they have been discussing since 1999 in the coming Madrid summit, in spite of fears about their farm sectors from several European countries, said the EU representative for Paraguay and Uruguay.
Ten European countries, fearing the impact on agriculture, are openly challenging the EU decision to resume trade talks with Mercosur which is to be officially announced next Monday when the opening of the Latin America, the Caribbean and the European Union Summit in Spain.
Corn futures rose to a two-month high on mounting demand from China, the world’s second-biggest consumer.
Paraguayan meat sales increased 47% in value during the first four months of 2010 compared to the same period a year ago, totalling 295 million US dollars (USD), according to the country’s Food Quality and Animal Health Service, Senacasa.
Mercosur rice planters will be meeting to decide a Brazilian proposal to increase the common external tariff thus preventing the introduction of rice from third countries, precisely this year when Brazil’s crop is expected to be below average.
France and six other countries expressed concern before the European Union about the competition consequences for the farm sector in the event of an agreement with Mercosur.
French resistance to the resumption of Mercosur European Union trade talks caused great disappointment among the block’s members, but Brazil believes it has a strong bargaining chip for a greater opening of the European agriculture market: the several billions US dollars fighter planes contract for the Brazilian Air Force.