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<\/div>\nHSBC has announced the sale of its assets in Argentina\u00a0<\/b>for US$ 550 million to\u00a0Grupo Financiero Galicia. Noel Quinn, CEO of the bank, said that the unit in the country “generates considerable volatility in the earnings for the group”. (HSBC)<\/p>\n Grain production for the 2023\/24 season should reach 294.07 million tonnes<\/strong>, which represents a reduction of 8%, or 25.7 million tonnes, when compared to 2022\/23. Result is 0.5% lower than the previous estimate, made by the National Supply Company at the beginning of March. (Conab)<\/p>\n In 2023,\u00a0Brazil exported 55 million tonnes of corn<\/strong>, becoming the world’s largest exporter of the grain during the season. However, there should be a drop in exports in 2024, due to the reduced availability of corn. According to the National Association of Cereal Exporters, Brazil is expected to export a maximum of 38 million tonnes in 2024. (Anec)<\/p>\n Drought in some regions, a decrease in commodity prices, and interest rates at levels which are still considered high could\u00a0slow down the agricultural machinery market in 2024<\/strong>. Despite the 30.8% increase in revenue for companies in the sector between January and February, the estimate is that the segment will show a drop of 15% in 2024, according to Pedro Estev\u00e3o Bastos Oliveira, president of the Sectoral Chamber of Agricultural Machines and Implements of the Brazilian Association of the Machinery and Equipment Industry. The sector’s net revenue in February was US$ 830 million. (Abimaq)<\/p>\n Municipality of Tup\u00e3, State of S\u00e3o Paulo, has declared a state of emergency due to prolonged drought. According to a decree signed by Mayor Caio Aoqui, the municipality has faced long periods of low rainfall and high temperatures since the middle of 2023, which has worsened in recent months.\u00a0The drought has compromised the yields of soybeans, corn, sugarcane, coffee and peanuts<\/strong>\u00a0during the 2023\/24 season, with losses estimated between 40% and 60%. (Tup\u00e3 City Hall)<\/p>\n Two workers died\u00a0buried in a soybean silo<\/strong>\u00a0from\u00a0Big Safra company, in Monte Castelo, State of Santa Catarina, on April 8th. The Civil Police is investigating the case. (Civil Police of Santa Catarina)<\/p>\n Total GDP of the soybean and biodiesel chain grew 21%<\/strong>\u00a0compared to 2022,\u00a0reaching US$ 125.22 billion. The sector’s performance represented 23.2% of agribusiness GDP and 5.9% of Brazilian GDP. Despite this, the actual income of the soybean sector fell 5.34% compared to 2022, due to the drop in prices. (Cepea)<\/p>\n<\/div>\n<\/div>\n China and the USA are the main destinations\u00a0of\u00a0Chilean fruit exports. During the 1Q\/2024,\u00a01,016,891 tonnes of fresh fruit were exported<\/b>, which represents an increase of 13% when compared to the same period of 2023.\u00a0The national director of the Agricultural and Livestock Service, Jos\u00e9 Guajardo Reyes, said that \u201cin the first three months of the year, we issued 60,483 phytosanitary certificates, which guarantee that Chilean fruit meets the requirements of the most demanding markets in the world\u201d. (SAG)<\/p>\n Agricultural and Livestock Service\u00a0announced that Chile can now be considered a Country Free from Porcine Reproductive and Respiratory Syndrome,\u00a0a\u00a0viral disease that exclusively affects pigs<\/b>, causes significant impacts on production, and harms exports. (SAG)<\/p>\n The third phase of the Biocarbon Project, a partnership between the Government of Colombia and the World Bank, will count on US$50 million, according to the Minister of Agriculture, Jhenifer Mojica. \u201cThis investment will continue to accompany the development of the rice, sustainable livestock, cocoa, cashew, forestry and oil palm chains.\u201d The project lasts five years, and\u00a0aims to stimulate sustainable and low-carbon agricultural production<\/b>. (Ministry of Agriculture)<\/p>\n<\/div>\n Secretariat of Agriculture has declared that\u00a0Mexico\u00a0is free of the\u00a0H5N2 subtype of\u00a0highly pathogenic avian influenza<\/b>. The\u00a0diagnosis, prevention, control and eradication campaigns of mandatory notification avian influenza will be maintained, because the circulation of the subtype H5N2, of low pathogenicity, and H7N3, of high pathogenicity, still occurs in the country. (Sader)<\/p>\n Soybean harvest was estimated at 9.94 million tonnes<\/b>\u00a0for 2024, considering the normal harvest and off-season soybean, according to consulting firm StoneX, which has just entered the local market. The firm indicates that the planted area of the soybean crop (excluding the off-season crop) reached 3.04 million ha, with an average yield of 2.93 tonnes per ha. (StoneX Consulting)<\/p>\n 2023 was a difficult year for Peru’s tangerine\u00a0market, but 2024 is considered promising, especially in the case of late varieties, which should benefit from the temperatures predicted for the winter. Furthermore, prices on the global market increased by more than 14%.\u00a0USA is the main destination for Peruvian tangerines<\/b>, but exports were reduced by 33%, due to the redirection of shipments to Europe. (FreshFruit)<\/p>\n Corn leafhopper (Dalbulus maidis<\/i>) was detected in Uruguay<\/b>, with a higher incidence in the North region. In Argentina, for example, the problem is very serious: in Tucum\u00e1n it was responsible for reducing corn production by 70%. “In the south of Uruguay there are not so many complications, but in the north, from Paysand\u00fa upwards, there are farms with more problems”, said Diego Guigou, agricultural production manager at Agronegocios del Plata. (Agronegocios del Plata<\/a>)<\/p>\n READ MORE:<\/p>\n Corn leafhopper (Dalbulus maidis) was detected in Uruguay HSBC has announced the sale of its assets in Argentina\u00a0for US$ 550 million to\u00a0Grupo Financiero Galicia. Noel…<\/p>\n","protected":false},"author":4,"featured_media":23180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n![\"\"](\"https:\/\/agribrasilis.com\/wp-content\/uploads\/2021\/06\/Brazil.png\")
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<\/p>\nLow Prices and Lack of Information Propel the Illegal Pesticides Market in Brazil<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"