SRA<\/a>)<\/p>\nChief-economist at the Agricultural Foundation for Development of Argentina, David Miazzo, believes the next few months should see an increase in inflation. “We must be honest with the value of the dollar. We must be honest with the rates…\u00a0The economy will have an increase in inflation in December, January and February.<\/b>\u00a0This\u00a0is certain, we know it will happen.” (FADA)<\/p>\n
Economist Santiago Bausili was confirmed as the new head of the Central Bank of Argentina<\/b> after the inauguration of President Javier Milei. Bausili was Undersecretary of Finance during the presidency of Mauricio Macri between 2016 and 2017, and then Secretary of Finance until December 2019. (Government of Argentina)<\/p>\n\n
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<\/strong><\/p>\nBolivia participated for the first time as a full member of Mercosur<\/b>, during the summit meeting on December 7th<\/sup>, in Rio de Janeiro. The\u00a0Bloc signed a trade agreement with Singapore, the first with an Asian country. Bolivia’s accession creates “an even more significant\u00a0opportunity\u00a0for regional integration and possibilities for shared development”, said Brazilian vice-president, Geraldo Alckmin. (Mercosur; Government of Brazil)<\/p>\n![\"\"](\"https:\/\/agribrasilis.com\/wp-content\/uploads\/2021\/06\/Brazil.png\")
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Grupo Safras announced the acquisition of trading company\u00a0Copagri Brasil<\/strong>. Value of the deal was not\u00a0disclosed, but it involves Copagri’s grain origination, processing and export operations, including a biodiesel plant in Cuiab\u00e1, State of Mato Grosso, with capacity to process 700 thousand tonnes of soybean. Copagri had revenues of US$ 510 million in the last fiscal year. (Grupo Safras; Copagri Brasil)<\/p>\nAgricultural sector had the highest average salaries in 42.8% of\u00a0<\/strong>jobs<\/strong>\u00a0analyzed in 5 markets by Gupy, specialized in HR management. Guilherme Dias, director of marketing and products at Gupy, attributes the high remuneration in agriculture to the grain harvest record and the increase in exports, which increased formal jobs\u00a0in the sector. (Gupy)<\/p>\nAgribusiness GDP is expected to decline 0.94% in 2023, compared to 2022. Furthermore, it is estimated that agribusiness GDP in 2024 could fall by up to 2%.\u00a0According to the technical director of the Brazilian Agriculture and Livestock Confederation, Bruno Lucchi, the main reason for the negative result in 2023 was the unfavorable behavior of prices in all segments of agribusiness. \u201cThere are very negative results, including in dairy farming, with a 67% negative margin, largely due to subsidized imports\u201d<\/strong>, said Lucchi. (CNA)<\/p>\nMinister of Agriculture, Carlos F\u00e1varo, said that he is negotiating with the government’s economic team for an additional US$ 101.92 million<\/strong> for the Rural Insurance Premium subsidy program. (Ag\u00eancia C\u00e2mara de Not\u00edcias)<\/p>\nPork exports continue to rise, reaching 105.7 thousand tonnes in November. Volume represents growth of 13.2% compared to the same period in 2022, which registered 93.4 thousand tonnes. President of the Brazilian Animal Protein Association, Ricardo Santin, highlights the performance accumulated up to November already equals and exceeds in revenue the total recorded throughout 2022. China remains the main destination for Brazilian pork exports.<\/strong> (ABPA)<\/p>\nScenario for agriculture is positive<\/strong>, but the drop in corn production is worrying, according to Ita\u00fa BBA. Reduction in corn\u00a0supply could once again put pressure on the margins of poultry and pork slaughterhouses. \u201cAlthough there was a mismatch and grain prices fell during planting and harvesting of the 2002\/23 season, farmers were able to take advantage of the good profitability of previous seasons and problems were limited. There was a significant reduction in sales of machines and implements, it is true, but credit defaults, for example, remain under control. For 2023\/24, the expectation is for better margins, mainly due to the reduction in input prices”, according to Pedro Fernandes, director of agribusiness at Ita\u00fa BBA. (Ita\u00fa BBA)<\/p>\n<\/div>\n<\/div>\n
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Chile is suffering the most prolonged and severe drought in the last decades<\/b>, according to a UN study. Furthermore, the\u00a0Paran\u00e1 – La Plata river basin, where Argentina’s agricultural sector is concentrated, suffered the worst drought since 1944. Report from the Economic Commission for Latin America and the Caribbean indicates that countries in the region need to invest between 3.7% and 4.9% of GDP to meet their climate goals. (Cepal)<\/p>\n
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In the 3Q of 2023,\u00a0milk collection fell 3.2%<\/b>\u00a0compared to the same period in 2022. Prolonged drop in the price paid to milk\u00a0farmers, difficulty in selling production, and climate volatility put the income of milk farmers at risk. “If we look at what they are paying the farmers, we see that the highest prices occurred in March of 2023. From that month onwards, the prices have been falling,\u201d said Felipe Brigard, president of the National Association of Milk Farmers. According to Brigard, the drop in the price paid to milk farmers was not reflected in lower prices for the final consumer. (Analac)<\/p>\n
Cuba opened up its market for fresh eggs from Colombia.<\/b>\u00a0\u201cWe are pleased to announce this important news for the poultry sector, which will bring great benefits to the national economy, such as the creation of jobs and the transformation of Colombian agriculture,\u201d said Juan Roa, manager of the Colombian Agricultural Institute. (ICA)<\/p>\n<\/div>\n
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Between October 2022 and September 2023,\u00a021.9 million tonnes of white corn were planted<\/b>, which was the most planted crop in Mexico. Production of grain sorghum and yellow corn reached 4.4 and 3.5 million tonnes, respectively. (Inegi)<\/p>\n
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Rainfall in the Panama Canal region between April and November was 41% lower compared to the same period in 2022.\u00a0Continuous drought worsens the logistical bottleneck that affects the passage of ships through the canal.<\/b>\u00a0Economist Inga Fechner of ING Research said the effect on commodity prices and the end consumer has so far been mitigated by weak global demand, but higher costs could have a ripple effect in the long term. \u201cIt is getting more expensive, and looking for alternative routes will increase costs and perhaps also weigh on final prices,\u201d Fechner said. (PCA; ING Research)<\/p>\n
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“Government will not implement regulations to cut labor rights in agriculture”<\/b>, said Jennifer Contreras, minister of agriculture, after protests on a stretch of the Panamericana Sur highway. Protesters were against the supposed possibility of reducing the “Agrarian Bonus”, approved by Law No. 27360\/2001, which guarantees an additional amount of 30% of the minimum wage for rural workers. (Ministry of Agriculture)<\/p>\n
World Bank has approved a loan of US$ 100 million for Peru, with the aim of supporting irrigation projects.<\/b> According to the Ministry of Agriculture, 130 subprojects will be implemented, directly benefiting almost 24 thousand people. \u201cWith this project, small farmers and their organizations… will increase agricultural yields and their capacity to respond against droughts, floods or frosts\u201d, said the World Bank\u2019s director for Bolivia, Chile, Ecuador and Peru, Issam Abousleiman. (World Bank; Ministry of Agriculture)<\/p>\n
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Ministry of Agriculture confirms a case of equine encephalitis<\/strong> (alphavirus) in the coastal area. This viral disease, transmitted by the bite of infected mosquitoes, can even manifest itself in humans. (Ministry of Agriculture)<\/p>\n
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