Senate of Argentina Has Approved Javier Milei’s Reform Plan
Senate has approved Javier Milei’s reform plan, known as the Omnibus Law. It includes a special regime for large investments, labor reform, privatization of State-owned companies, etc. The project went back to the Lower House of Congress for analysis of changes made by the Senate. (Government of Argentina)
Agriculture and Livestock Federation of the State of Mato Grosso is against the Provisional Measure No. 1227, from June 4th of 2024, which changes tax legislation and directly affects the agricultural sector. (Famato)
Raízen (joint venture of Cosan and Shell) opened the largest 2nd generation ethanol production plant in the world. The Bonfim unit is located in Guariba, State of São Paulo, and has the capacity to produce 82 million L of biofuel per year. The investment in the plant was US$ 220 million. (Raízen)
Coffee and orange farming promote job creation in the Southeast of Brazil. With a positive balance of more than 11 thousand jobs, April had 245,654 admissions and 233,877 dismissals, a better performance than the same period of 2023, with 9,721 jobs. (CNM)
After suspicions of irregularities, the Brazilian Government canceled the auction for the purchase of imported processed rice and plans to hold a new auction. “Not a single cent of public money has been spent so far”, said the president of Conab, Edegar Pretto. “We are going to build mechanisms so that we can evaluate in advance who will participate, and also demand financial capacity from the companies and experience in the area”, said the Minister of Agriculture, Carlos Fávaro. (Conab; MAPA)
Neri Geller, Secretary of Agricultural Policy at the Ministry of Agriculture, was dismissed from his position. (Casa Civil)
Michel Roy will be the new CEO of Louis Dreyfus in Brazil after Murilo Parada steps down from the position. (LDC)
Bunge has exported 185,000 tonnes of Brazilian soybean meal with blockchain tracking to Thailand. Their objective is to test the digital solution and prove that the product is deforestation-free. Three other ships, carrying 180,000 tonnes of soybean meal, are expected to be shipped by July of 2024. (Bunge)
From January to April of 2024, fruit exports reached approximately 1.5 million tonnes, an increase of 3.8% when compared to the same period of 2023. Exports reached US$ 4.44 billion FOB, an increase of 7.2%. Cherries accounted for almost half of the shipments, at 46.1%, followed by grapes (18.9%), and blueberries (11.2%). (Odepa)
Bancolombia launched a sustainable credit line aimed at the poultry sector. The Bank has a 26% share in this market. “We work side by side with the sector to understand its needs and promote good environmental and social practices that contribute to Colombian poultry farming being a productive, safe, efficient industry…”, said Mauricio Rosillo, Vice President of Business at Bancolombia. (Bancolombia)
Below-normal precipitation is expected in southern Colombia and southern Venezuela. In the coming months, the temperature in Latin America should be affected by La Niña. There should be a rise in temperatures “especially east of the Andes, in regions of Venezuela, Ecuador, Peru, Bolivia, and much of Brazil”. (International Center for El Niño Research)
Mexico seeks to expand exports of agricultural products to countries with Muslim populations. According to the Department of Agriculture, these countries have more than 1.6 billion consumers worldwide. Avocado, red fruits, beef, poultry, chickpeas are the main products exported to the Middle East and North of Africa. (Department of Agriculture)
Production of wheat used for pasta is expected to decrease by 22.7%, and the harvest of wheat for baking is expected to fall by 16.7% due to drought and adverse weather conditions in Sonora, Baja California and Sinaloa. “In 2024, durum wheat [also called pasta wheat] production will reach 1 million and 448 thousand tonnes, when in 2023 the production was 1 million and 873 thousand tonnes”, according to the Agro-food and Fisheries Information Service. (Sader)
Soybean exports reached 1.13 million tonnes in May, an increase of 34% when compared to April. Despite difficulties in the transport by river due to low water levels, farmers are recovering their sales. “The situation is improving for Paraguayan farmers who still have grains to sell… The prices are recovering”, said Manuel Ferreira, a local agricultural consultant. (UDOP)
According to Eduardo Sierra, climate advisor at the Paraguayan Chamber of Exporters and Traders of Cereals and Oilseeds, the frost season in the country should be short, ending by the end of July. This should favour wheat farming in the country. “Frosts are unlikely to occur in August and September, which could be very favorable for wheat farms, as the flowering of wheat plants will not be affected”. (Capeco)
Rice farmers estimate losses of at least 400 kg/ha due to rains that occurred at the end of the harvest, between March and May, which affected the largest rice farming region in Uruguay. (Rice Farmers Association)
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