Paraguay River Reached a Record Low in Its Water Level
Only 65% of the country’s slaughter is classified by 78 companies. In order to reach 100%, the government has made changes in the regulations that determine the conditions for bovine typing. The resolution classifies the animal after slaughter according to its category, age, sex, finish and makes requirements more flexible to facilitate its adoption, such as the choice of identification systems. (Government of Argentina)
Matba-Rofex, that operates in the negotiation of future contracts for agri products, carried out the first tokenization of silos in the country. In the first operation, more than 5,000 tonnes were tokenized, with a value of more than US$ 1.6 million. This process brings more visibility and traceability to agricultural assets, and allows silo exchanges to be used as collateral in future operations, expanding the options of available financial assets. “It is a significant advance in the modernization of the grain market in Argentina”, said the company. (Matba-Rofex)
Researchers have developed a soybean that produces 60% of its pods with four seeds. The technology has a direct impact on soybean yield, as current commercial varieties produce less than 7% of pods with four grains. “The trait studied showed a high degree of heritability, that is, genetic determination, which is why it was always present”, said Julieta Bianchi, lead researcher of the study. (Conicet)
Brazil’s trade balance recorded a surplus of US$ 4.83 billion in August, a 50% drop compared to the same month last year (US$ 9.6 billion). This is due to the drop in exports, amid lower volumes of soybean and iron ore shipments. Among the sectors, agriculture recorded the biggest drop, with US$ 6.182 billion (-19.1%), followed by the extractive industry, with US$ 6.613 billion (-8.1%). (MDIC)
More than 14,600 fires were recorded in July in the State of Mato Grosso, making this state the most affected by the fires. The state accounted for around 21.3% of the 68,600 fires identified across the country. (Inpe)
Grain storage terminal was opened up in the State of Tocantins, result of a partnership between Rumo and CHS. The structure has a static capacity of 75 thousand tonnes of grain and a handling capacity of 1.5 million tonnes per year. It is estimated to receive up to 120 trucks per day, corresponding to 5 thousand tonnes. (CHS)
Early haverst of soybean in the State of Mato Grosso reaches 30.4% of the projections. The farmers need to curb costs boosted sales, which increased 4.1% compared to the previous month. However, the pace of soybean sales is at 36.4%, behind the historical average of the last five years for this period, and the average future price traded fell 1.77%, reaching US$ 18.97/bag. (IMEA)
In the first 3 months of 2024, 76 farmers operating as legal entities requested judicial reorganization, the highest number since 2018. Of the requests, 45 were from the soybean segment and 15 from cattle farming. The State of Mato Grosso was the state with the most requests (26), followed by the States of Goiás (14) and Santa Catarina (8). (Serasa Experian)
The National Irrigation Commission has launched a contest to promote irrigation projects for woman owners of small farmers. The investment is approximately US$ 2.13 million and involves technological development projects, special systems, or any project related to irrigation that is a small business. “The goal is to provide greater access and equity to female farmers in our region,” said Christian Álvarez, Secretary of Agriculture for the Coquimbo region. (CNR)
Colombia authorized Brazil to import dried distillers grains (DDG), originating from the production of second-crop corn ethanol and which are used as protein feed for ruminants, pigs and poultry. (MAPA)
In July, BBVA, a Colombian bank, granted approximately US$ 652.5 thousand in loans to the agricultural sector, an increase of 140% compared to the same period last year. There was a 16% growth in the bank’s balance in the agricultural sector, with US$ 815.6 thousand from July/23 to July/24. Most of the resources went to coffee, dairy products, citrus foods, etc. (BBVA)
Colombia is considered the most dangerous country for environmental activists. Approximately 85% of the 196 murders of activists in 2023 were in South America, mainly in Colombia (79), Brazil (25), Mexico (18) and Honduras (18). (Global Witness)
In 2023, were recorded approximately 18,131 accidents in the agricultural sector, corresponding to 14.9% of the total. Approximately US$ 155.27 million were disbursed due to disability cases in the sector. In the 1H of 2024, 10,156 accidents and illnesses were recorded, with emphasis on traumatic injuries caused by the use of sharp tools and exposure to toxic products. (National Insurance Institute)
Exports from the US to Mexico are facing logistics issues. Mexico is overwhelmed with shipments due to nearshoring (transferring business operations to geographically close countries). Relations between the countries are growing compared to previous years, with approximately US$ 28.4 million generated in 2023. (USDA)
The Paraguay River reached a record low in its water level. With a height of -0.76 m in the Port of Asuncion, it is the lowest level since 2021. The situation is serious, as for this time of year the water level should be above zero and the forecast is for no rain in the coming days. (Dirección de Meteorología e Hidrología)
In 2024, avocado exports are expected to reach 493 thousand tonnes, a drop of 11% compared to the previous year. This is due to weather conditions and lower yield in some growing areas. However, international prices are expected to continue to be sustained, offsetting losses in production volume. (ProHass)
From January to July, agricultural production grew by 3.3% compared to the same period last year, due to the growth of the agricultural subsector of 4.6%, with emphasis on the production of quinoa (+87.9%), blueberries (+31.5%), paprika (+23.8%), etc. (Midagri)
“The agricultural sector has shown a gradual recovery that will improve in the 2H of 2024 due to the absence of weather phenomena such as El Niño and other anomalies”, said Carlos Prieto, manager of the economic studies area at Banco de Crédito del Peru (Credit Bank of Peru). The sector has been seriously affected by the weather conditions, with 10,000 job losses. (BCP)
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