Paraguayan authorities have reported the Paraguay River is merely 9 centimeters from its all-time low as it dropped yet another 3 centimeters Friday in Asunción.
Chile presented on Monday a Plan to combat Drought to increase the provision of water and improve its efficient use thus ensuring the supply for human consumption and the production of food.
Chile's Minister of Public Works Alfredo Moreno Thursday admitted Santiago's Metropolitan Region was going through “the worst drought in history,” which has prompted “exceptional measures.”
Paraguay's Lower House Wednesday passed an emergency bill on river navigation and authorized dredging works at the Paraguay, Paraná and Apa rivers as downspouts prevent normal navigation. The document now goes to the Executive Branch for consideration.
Brazil's Electric Sector Monitoring Committee Thursday issued a water risk warning and the Federal Government undertook a series of measures to avoid energy rationing until October, a period of low rainfall and more severe drought in the southeast and midwest, it was announced.
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.
Brazil's corn production forecast for 2020-21 has been cut to 102.6 million mt from 104.9 million mt projected in November, Brazil's national agricultural agency, Companhia Nacional de Abastecimento (Conab), said in its latest forecast.
U.S. soybean futures rose for a sixth consecutive session on Friday and hit a four-year high on dry conditions in key South American crop areas and concerns about dwindling U.S. supplies. Corn also gained on strong exports and worries about South American dryness, while wheat ended mixed.
Corn production in Argentina is likely to drop to 48 million tons in 2020-21 from 50 million tons in 2019-20, the US Department of Agriculture's Foreign Agricultural Service in Buenos Aires said in a report released on Thursday.
Experts say the wildfires in a region that spans Argentina, Brazil, Bolivia, and Paraguay – especially the region between the Paraguay, Parana, and Uruguay rivers – have become critical in 2020.