US Department of Agriculture attaches in Buenos Aires have warned against upbeat forecasts for Argentina's soybean harvest, saying many farms missed out on crop-reviving rainfall.
A robot which categorizes soy bean plants according to their capacity to resist drought and make better use of the water resource has been developed by a bio-technology group of Mercosur researchers in Argentina, with European Union support.
A good crop year for Argentine farmers and the government: export revenue will be up 4 billion US dollars and the tax man will bag an additional 888 million US dollars according to estimates from local grain dealers.
United States farmers have planted the biggest crop in thirteen years according to a report released by the US Department of Agriculture which estimated the area sown to the eight major field crops in 2011 at 103.3 million hectares.
The Paraguayan government is working with Congress to agree on budget cuts and possible tax increases, (levies on beef and soybean exports) that should help balance 2011 expenditure and revenue.
Brazil could harvest a record crop of 70 million tons of soybeans in 2011 because of improved climate conditions and expansion of the area planted according to Hamburg based Oil World consultants.
Brazilian President Dilma Rousseff will discuss with her U.S. counterpart Barack Obama ways to counteract the threat posed by an undervalued Yuan and cheap imports from China, a Brazilian official said.
Argentina's government has ordered unions to suspend a week-old strike at leading grains ports for a 15-day period to hold talks with company bosses, a Labour Ministry spokesman said on Tuesday.
The provincial government of Santa Fe home of Argentina's grain export hub has requested the federal government to help end a week-old strike that is delaying shipments from one of the world's biggest food suppliers, the provincial Labour minister said on Tuesday.
Argentine farmers have halted sales of wheat, corn and soy in a strike over export curbs, rekindling a dispute that helped drive global grains prices to record highs three years ago.