China Should Receive 90% of Chile’s Cherry Shipments This Season
32% increase in cattle slaughter in November when compared to the previous month, which could reduce meat prices. (Rosgan; Senasa)
Wheat exports in the 2023/24 season increased 140% in volume, totaling 7.8 million tonnes, and 90% in value, reaching US$ 2,558 million. (Rosario Trade Exchange)
President of Argentina, Javier Milei, said on December 10th he intends to establish a free trading commerce with the US in 2025. “Our goal will be to promote a free trading commerce with the US next year, which should have happened 19 years ago”. (Government of Argentina)
Granja Tres Arroyos obtained Government authorization to initiate a Crisis Preventive Procedure and reduce the costs of its factory in Ezeiza. This allows companies to dismiss or suspend staff in cases of force majeure or for causes not attributable to the employer. Tres Arroyos seeks to reduce labor costs. The crisis situation was declared due to “a lack of economic sustainability”. The jobs of 700 employees are at risk, who could be laid off or receive pay cuts of up to 21%. (Granja Tres Arroyos; Government of Argentina)
Government has approved 4 new vaccines for the poultry sector against Gumboro, Marek’s, Newcastle and infectious laryngitis diseases. (Senasa)
Banco do Brasil reached US$ 19.05 billion in financing during the 2024/25 season, up 30% on the previous harvest. (Banco do Brasil)
Government of the State of São Paulo has announced a package of actions for agribusiness, totaling US$ 56.23 million in investments. (Secretary of Agriculture of the State of São Paulo)
Drought and high temperatures in coffee areas have hampered flowering. Strong fruit abortion points to production below expectations in the next harvest. For Fernando Barbosa, president of the Association of Coffee Farmers of the Southwest of Minas Gerais, the concern is that “current conditions could lead to an even lower production than expected, affecting not only coffee farmers, but the entire production chain. We don’t know how this will end up, but the fact is that there is an imbalance that can cause severe damage”. The 2025/26 coffee’s harvest could see drops of more than 10%. (Association of Coffee Farmers of the Southwest of Minas Gerais; StoneX Consultoria)
Forecasts for the 2024/25 orange harvest in the States of São Paulo and Minas Gerais have been raised to 223.14 million 40.8 kg boxes, an increase of 3.4% when compared to the previous forecast. (Fundecitrus)
Lar and Copagril cooperatives will invest US$ 51.21 million in projects in four municipalities in the State of Paraná through the government’s program Rota do Progresso (Progress Route). The program intends to invest US$ 415.41 million, seeking to accelerate the development of 80 municipalities in the state. (Lar Agroindustrial)
Sugarcane crushing at the mills in the State of Alagoas increased by 10.16% compared to the previous harvest. (Sindaçúcar-AL)
Brazilian Association of Meat Exporting Industries considers that the Free Trade Agreement between the EU and Mercosul, finally concluded after 25 years of negotiations, is a historic diplomatic milestone for the blocs, with the potential to transform commercial relations between the regions in a lasting manner. “For the magnitude of this achievement, we are grateful for the continued efforts of the Brazilian Government and Itamaraty, as well as the governmental and diplomatic entities from all countries in the bloc”. (ABIEC)
Onion Sector Chamber pointed out that the challenges faced by farmers in the State of Rio Grande do Sul, such as flooding and excessive rainfall, reduced yield from 35 to 30 tonnes per hectare, with some municipalities reporting total losses. The cost of production has risen by 20% to 40%. (Onion Sector Chamber; Seapi)
Corn exports have been slow, with sellers also withdrawing from the domestic market in the last week. (Cepea)
Wheat imports reached the highest volume in the last 4 years, with 427.53 thousand tonnes in November, 33% more than the same month in 2023. (Secex; Cepea)
Agricultural GDP is expected to grow by 5% in 2025, with a record harvest of 322.53 million tonnes in the 2024/25 season. By the end of this year, Brazilian exports are expected to reach US$ 116 billion. (CNA)
China receives the first load of cherries from Chile of the season, with 4500 tonnes. This is the first of 50 ships that are scheduled to leave Valparaíso and San Antonio for the Asian country. The Chilean Fruit Committee estimates that China should receive 90% of Chile’s cherry shipments this season. (Chilean Fruit Committee)
Launched new tool to allow the control and monitoring of cattle. The technology consists of digitally registering animals using radiofrequency identification technology earrings. The equipment and registration in the online system must be completed before January of 2026. Currently, only 1.66% of all cattle in Costa Rica are properly identified. (MAG)
Paraguayan Association of Meat Farmers and Exporters has alerted for a 15% drop in cattle purchase prices for livestock farmers. (Appec)
Record grain production boosted the local economy. Soybean reached 10.7 million tonnes in 2024, compared to 4.2 million tonnes in 2023, generating revenues of more than US$ 4 billion, with 83% of the exports going to Argentina. (Capeco)
Exports of fresh blueberries broke a new record in November of 2024, reaching 80.3 thousand tonnes and US$ 387 million in value, surpassing US$ 2 billion in the year to date. The USA remains the main destination. (Fresh Fruit)
Uruguay’s National Ports Administration expects to end 2024 with more than US$ 200 million in revenue, after three consecutive years of record profits, and has begun dredging work in the port of Montevideo with an investment of 30 million dollars, scheduled for completion in 2025-2026. (ANP)
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