Brazil is poised to confirm its largest crop ever, 147.1 million tons in 2009/2010, which is 9% higher that the 135.1 million of 2008/09 according to the latest survey from Conab, the country’s National Supply Agency. The latest record was in 2007/08 with 146 million tons.
Soy-bean imports by China, the biggest buyer, jumped to a record in June after a halt to Argentine soy oil shipments and increasing feed consumption boosted demand from crushers, according to Bloomberg.
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.
Argentina has reached an agreement with China to end the freeze on Argentine soy-oil imports, the government said on Friday. However given the cumbersome negotiation process some Argentine traders are waiting for an official confirmation from Beijing.
Scientists have claimed that eating soy could help prevent men from developing prostate cancer and from going bald. US researchers found a molecule produced in the intestine when soy is digested stops a hormone which can fuel prostate growth or cause baldness.
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”.
Farmers in Brazil have teamed up to drill an area the size of New York for phosphate-based fertilizers, seeking to cut dependency on producers including Vale S.A. (NYSE:VALE) and Mosaic Co. (NYSE:MOS) after prices surged.
Ongoing effort to find new uses for soy-based products has kicked off at Southern Illinois University in Carbondale (US) for shovelnose sturgeon caviar production.
Uruguay is currently harvesting what is considered a record crop of soybean the ever expanding oil seed that as in neighbouring countries is taking over land from other exploitations and has made Mercosur the world’s leading producer and exporter.
Argentine industrial output surprised market expectations in March, powered by an increase in auto production, the latest sign of a strong rebound in Latin America's number three economy.