News on the Latin American Agribusiness

• Soybean harvest shall reach 43.3 million tonnes, while the projection of the 2022/23 wheat harvest was reduced to 6.5 million hectares due to drought in the north of the country. (Buenos Aires Cereal Exchange)
• Argentina and Cuba move forward in cooperation and joint development agreement in agriculture, livestock and issues related to the agri-food industry. (INTA)
• Exported meat reached 46.7 thousand tonnes and was the second largest in the last 18 years. (CICCRA)
• International Bank for Reconstruction and Development announces investment of US$ 550 million for development of agrobioindustrial sector. (Federal Council of Agriculture)

• Department of Agriculture, Livestock and Rural Development issues a health alert for herbivorous rabies, advising rural producers to vaccinate or revaccinate their herd to prevent the disease. (Seapdr)
• Embrapa forecasts test results with transgenic HB4 Argentine wheat for August. The test aims to analyze the behavior of the cereal in the Brazilian Savanna. (Embrapa)
• Productivity in agriculture has increased 400% in 45 years. (Ipea)
• Increase of cotton and soybean planted areas in the state of Mato Grosso. In addition to it, the forecast is an increase of soybean harvest to 40.85 million tonnes, and reduction of cotton yield because of the low precipitation from April to May 2022. (IMEA)
• Soybean sanitary vacuum starts in June 10th in the state of Paraná and runs until September 10th, in order to control the development of fungus that causes Asian rust. (DERAL)
• Beginning of the bergamot harvest in São Sebastião do Caí, in the state of Rio Grande do Sul. Harvest forecast is 12,000 tonnes. (Emater)
• IBGE forecasts a record harvest of cereals, pulses and oilseeds in 2022, estimated in 263 million tonnes, recording an increase of 3.8% over the previous year. (IBGE)
• Chicken exports from the state of Santa Catarina reach the best rates of the year in April, both in quantity and value. Exports reached a total of 89 thousand tonnes, totaling more than US$ 118 million. (Epagri/Cepea)
• Irrigated agriculture may increase up to 45% by the year 2030. Irrigated area reaches 8 million hectares. (National Water and Sanitation Agency)
• Farmers should invest up to US$ 204 billions to finance the 2022/23 season, which is planted in early September. (Itau BBA)
• Published in the Official Gazette, a decree that excludes from the calculation basis of the export tax (customs value), the cost of the foreman in the territory, which allows for a reduction in the cost of importation. (Official Gazzete)

• INDAP Valparaíso delivered approximately 19.6 tonnes of livestock feed, directly benefiting 56 farmers who participate in the Quilpé Local Development Program (Prodesal). The program’s objective is to strengthen family farming and to assist during the prolonged drought period. (INDAP)

• Coffee production is expected to reach 780 thousand tonnes, with prices rising due to the lack of fertilizers that is already affecting the country. (USDA)
• Higher milk production does not avoid price increases. The rise in costs is mainly due to the increase in plastic values. (Ministry of Agriculture)

• High input prices influence maize production. Linked to climate change and pest attacks, corn production was reduced, also influencing the poultry sector. (MAG)

• Rural producers receive technical assistance from the Ministry of Agriculture, Livestock and Food to improve productivity and feeding, supporting small farmers and family production. (MAGA)

• Representatives of the USDA plan a new visit for a sanitary check and the opening of the Paraguayan meat market. (Senacsa)
• Peanut production in the Chaco suffers from drought and yield falls for the third consecutive year. This year, production estimate is only one thousand tonne. (Fernheim Cooperative)

• Minister of Agriculture and Irrigation resigns two weeks after taking office after being informed he was imprisoned for administrative omission. (Midalgri)
• With the support of the World Bank, Midalgri prepares an investment plan for irrigation modernization, with an investment of US$ 460 million, aiming to improve the productivity and profitability of family farmers. (Midalgri)

 

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Overview by AgriBrasilis (May 29th – June 4th)