Estimates of lower Chinese demand for soybeans
Signed sanitary agreement to import animal feed additives from Brazil. (Ministry of Agriculture)
Argentina’s wheat harvest is expected to be restored in 2023/24, estimated at 19.5 million tonnes. Production showed a big decrease after drought and frosts that affected the previous harvest. (USDA)
Presidents Luiz Inácio Lula da Silva (Brazil) and Alberto Fernández (Argentina), met to discuss the country’s economic crisis. Lula said that he will negotiate with the International Monetary Fund to “remove the knife from Argentina’s neck” and with other international organizations, such as the New Development Bank, to try to contain the Argentine crisis. (Government of Brazil)
Fendt, in partnership with Abrapa, announced a special credit line for cotton farmers with ABR certification – Responsible Brazilian Cotton, ABR-UBA – Cotton Processing Unit and BCI – Better Cotton Initiative licensing. Objective is to value farmers who adopt high levels of sustainability. Approved farmers will have access to exclusive financing for the purchase of any Fendt equipment, with rates up to 10% lower than the market standard. (Brazilian Association of Cotton Producers; Fendt)
28th edition of Agrishow takes place from August 1st to 5th, in Ribeirão Preto, State of São Paulo. According to the organizers of the event, more than US$ 2.25 billion in sales of agricultural machinery and implements are expected, as well as products for irrigation and grain storage, etc. (Agrishow)
Banco Santander expects to reach US$ 400 million from business deals during the Agrishow. “The strategy is to bring the farmer to take credit before he goes shopping”, said Ricardo França, regional superintendent of agribusiness at Santander. In March, the bank’s portfolio for the sector was US$ 8.02 billion, with the objective of reaching US$ 10.03 billion by the end of the year. (Santander)
Cargill estimates lower Chinese demand for soybeans. “Demand is ok, but it’s not that great, especially from China. They are buying, but at a slower pace than the market expected”, said Paulo Souza, president of Cargill in Brazil. (Cargill)
According to the Minister of Agriculture, Carlos Fávaro, Brazil must follow its own environmental rules, not EU legislation. Fávaro is referring to the approval by the European Parliament of a law that prohibits the import of coffee, beef, soybean, palm oil, cocoa and other products, if they are involved in the destruction of forests. “We cannot interfere in their decisions. It is enough for Brazil to comply with its own legislation and react in accordance with its own legislation”, said the minister. (Ministry of Agriculture)
ADM reached historic records for soybean and soybean meal shipments in its terminal at the Port of Santos in March. Company accounted for the export of 963 thousand tonnes of soybean and bran during the period, an increase of 197 thousand tonnes compared to 2022. (ADM)
It is growing in Chile the use of aerosol systems of the “puffer” type for the application of semiochemical products, such as pheromones. These devices deliver doses at regular intervals in the farms. One of the main targets for these products is the Lobesia botrana, or the grapevine moth. (Suterra)
US$ 20.27 million will be allocated to the agricultural insurance incentive program in 2023, that facilitates the purchase of agricultural insurance policies by farmers. Subsidies can vary from 30% to 95%, depending on the size of the properties and the income of farmers. (Finagro)
European Union started to demand that certain agricultural products, such as coffee, should not come from deforested areas and that they should come from recognized lands. This has raised concern among Peruvian coffee farmers. According to the National Coffee Council, 80% of coffee farms in the country do not have a property title. President of the Council, Tomás Córdova, said that it is necessary to create a plan for the sector to prevent exports from decreasing drastically. (National Coffee Council)
Significant drop in estimated soybean production for the 2022/23 harvest. It is estimated at 1.2 million tonnes, a reduction of 43% compared to projections made in March and of 63% when compared to the previous harvest. (USDA)
Technical team from the Animal Health Division of the Ministry of Agriculture started delivering 468,000 doses of avian flu vaccine to veterinarians accredited by the Ministry. Undersecretary of agriculture, Ignacio Buffa, said that “there is no contraindication to consume meat and derivatives of animals that have received the vaccine”. (Ministry of Agriculture)
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