Tag: soybean

Friday, April 4th 2014 - 07:35 UTC
Brazilian congress strikes down new taxes on the domestic soy market

Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.
Friday, February 28th 2014 - 03:28 UTC
Brazil GDP expanded 2.3% in 2013; agriculture again the main engine

Brazil's economic output grew 2.3% in 2013 for a third straight year of modest expansion by Latin America's biggest economy, the government announced on Thursday. GDP for the final quarter of the year rose a 0.7% compared to the third quarter, according to Brazil's Institute for Geography and Statistics, IBGE.
Saturday, February 15th 2014 - 05:46 UTC
Despite adverse climate Brazil expects record harvest: 193.6 million tons

Weeks of drought and heat have hit Brazil's soy and corn production, but the agriculture ministry still predicted a record 2014 harvest. Corn production is set to total 75.5 million metric tons, down from a January estimate of 79 million, state food supply agency Conab said in its monthly report.
Saturday, December 14th 2013 - 06:11 UTC
Argentine central bank issues hard currency bonds hoping to lure cereal exporters

The Argentine Central Bank, starved of dollars and declining international reserves started to trade new short-term dollar-denominate bonds in order to encourage the farm sector to sell the crops they are still holding on to. It is estimated that over 3bn dollars in mainly soybeans remain in the hands of farmers and cereal exporters.
Thursday, December 12th 2013 - 06:47 UTC
Brazil expects a 90 million tons soybean crop, making it the world's top producer

Brazil's government food supply agency Conab forecast record soybean output of 90.03 million tons, near the top of its previous forecast of 87.9 million to 90.2 million tons, as farmers finish planting new fields.
Monday, December 2nd 2013 - 18:38 UTC
Uruguay after another soy-crop record since area planted increased 100.000 hectares

Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.
Monday, November 11th 2013 - 13:21 UTC
Brazil's 2013/14 crop estimated to reach in excess of 192.4 million tons

Brazil's coming 2013/14 grains and oilseeds harvest has been estimated between 192.4 and 196.6 million tons with an increase in the range of 3% to 5.3% over the previous crop which reached 186.8 million tons.
Friday, October 4th 2013 - 06:58 UTC
Uruguay 2012/13 soybean crop was record in volume, area and yield

Uruguay’s latest soybean crop was the highest in history, 2.76 million tons with an increase in the area planted and in yields according to the latest survey from the Ministry of Agriculture and Livestock. The area dedicated to soybean climbed 20% and reached 1.049.000 hectares.
Thursday, September 26th 2013 - 06:21 UTC
Argentina expects at least 50 million tons of soy and 30 million of corn in 2013/14

Argentina’s 2013/14 soybean crop will be above 50 million tons while corn can be expected to reach 30 million tons, according to the country’s Agriculture minister Norberto Yauhar, based on preliminary production estimates. The minister also advanced that caps on wheat and corn exports could be lifted in the near future.
Wednesday, July 31st 2013 - 06:00 UTC
Brazil’s next soybean crop expected to increase 9% to a record 89.1 million tons

Brazil’s 2013/14 soybean crop that starts planting in September is expected to grow by 9% under normal weather conditions to a record 89.1 million tons, local crop analyst AgRural said in a release.