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<\/div>\nGovernment has announced\u00a0credit for\u00a0sheep\u00a0farming<\/strong>. This is a package with 19% interest rate, a grace period of 1 year and a credit term of 6 years, intended for investment in fencing, water troughs, feeders, machinery, etc. (Government of Argentina)<\/p>\n 2024\/25\u00a0soybean harvest to reach 52 million tonnes<\/strong>,<\/strong>\u00a0corn 47 million tonnes\u00a0and\u00a0wheat 18.6 million tonnes. (Buenos Aires Cereal Exchange)<\/p>\n Corn\u00a0cost production\u00a0in Argentina was estimated at US$ 576 per hectare<\/strong>, for the 2024\/25 season. This cost is lower than the one calculated for Brazil (US$ 597) and much lower than the cost in the USA (US$ 1,174).\u00a0Historically, Brazil has the lowest operating costs, but it should surpass Argentina’s costs for the next season. (Ita\u00fa BBA; IMEA)<\/p>\n Foreign currency deposits have increased by approximately US$ 8 billion since the start of the new Government in December of 2023. Latest data from the Central Bank shows that total foreign currency\u00a0deposits now exceed US$ 24 billion<\/b>. (Central Bank of Argentina)<\/p>\n Corn harvest in the State of Mato Grosso do Sul had the 3rd\u00a0<\/sup>worst productivity of the\u00a0<\/strong>past\u00a010 years<\/strong>. Average yield was 67.05 bags per hectare after the record around 95 to 122 days without significant rainfall throughout the second harvest of 2023\/24. (Aprosoja-MS)<\/p>\n Eduardo Bastos<\/strong>\u00a0is the new director of the Institute for the Study of Agribusiness, created by the Brazilian Agribusiness Association. (ABAG)<\/p>\n Total oilseed processing capacity in 2024 reached 72.3 million tonnes<\/strong>, a volume 4.5% higher than in 2023 (69.2 million tonnes). The number of processing companies also increased from 63 to 67 (+6.3%). In addition, investments in the vegetable oil industry for the next 12 months could reach US$ 1.05 billion, with five new crushers and five expansion units planned. (Abiove)<\/p>\n At the end of the 2023\/24 season,\u00a0Brazilian orange juice stocks in the world increased 37.7% when compared to the previous cycle<\/strong>, despite a drop in production, which reached 898.6 thousand tonnes (-5%). The 2024\/25 season is estimated to reach 215.78 million\u00a0boxes of\u00a040.8 kg, a drop of 29.8% when compared to the previous season. (CitrusBR)<\/p>\n The Ministry of Agriculture will provide\u00a0US$\u00a0549.94 million to purchase tanker trucks to combat\u00a0fires in agricultural areas<\/strong>. \u201cThese trucks\u00a0have\u00a010,000 L and 20,000 L of water\u00a0capacity\u00a0and are\u00a0equipped with high-performance pumps\u201d, said Carlos F\u00e1varo, Minister of Agriculture. In addition, the minister said there will be the structuring of a new\u00a0credit\u00a0line, with \u201cnegative interest rates\u201d. (MAPA)<\/p>\n On September 20th<\/sup>,\u00a0the rule establishing penalties for infractions involving forest fires was reviewed<\/b>. The start of fires in forests or other native vegetation will be subject to a penalty of US$\u00a01.821.26\u00a0per ha; in cultivated forests, the fine will reach US$\u00a0910.63.\u00a0(Federal Government of Brazil)<\/p>\n<\/div>\n The National Forestry Corporation of Arica and Parinacota\u00a0reinforces prevention\u00a0of<\/b>\u00a0<\/b>forest fires and indiscriminate burning of agricultural residues<\/b>\u00a0before the spring and the consequent rise in temperatures. “Statistically, one of the months with the highest occurrence of forest fires is December; however, this could change with the arrival of spring if adequate measures are not taken to prevent uncontrolled burning”, said Lino Antezana Navarro, regional director of Conaf. They also pointed out that “unauthorized burning is subject to fines for violating Law 20,283”. (Conaf<\/a>)<\/p>\n Coffee production is expected to\u00a0reach\u00a013 million <\/strong>60 kg bags, an increase of 15% when compared to the previous season. (FNC)<\/p>\n Cattle prices have increased more than 100% since 2019<\/b>. According to Bbva Research,\u00a0one factor slowing down the sector has been\u00a0the strong increase in the relative price of beef in relation to other substitute products, also above the general price basket and people’s income. The Colombian cattle herd is close to 30 million heads, making it the 12th<\/sup>\u00a0largest in the world, with a significant increase since 2017. (Bbva Research)<\/p>\n At the end of August of 2024,\u00a0goods\u00a0exports reached US$ 24.25 million, an increase of 7% compared to the same period of the previous year. The agricultural sector, second in importance for exports and with a share of 19%,\u00a0grew by 7% (US$ 310.2 thousand), driven by products such as pineapple, banana and watermelon<\/b>. The food industry (13% share) registered an increase of 5% (US$ 148.5 thousand). (Procomer)<\/p>\n<\/div>\n![\"\"](\"https:\/\/agribrasilis.com\/wp-content\/uploads\/2021\/06\/Brazil.png\")
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