Climatic factors and the drop in international grain prices ruin the forecasts of a ‘super harvest’ and extraordinary income in Argentinabut, even so, the result will be much better than that of the very poor 2022-2023 agricultural campaign. Argentina, one of the world’s largest producers and exporters of grains and derivatives, will have a smaller […]
Tag: corn
Javier Milei’s proposal would raise prices of corn and soybean oil imported by Peru
The initiative ‘Law of bases and starting points for the freedom of Argentines’, by the president Javier Milei, could have a negative impact on imports of certain products to Peru. Furthermore, eventually, could affect the final price of some foods produced in our country, warned the Foreign Trade Research and Development Institute of the Lima […]
Mexicans prefer red and ultra-processed meats, over beans and corn
Food consumption in Mexico It has socioeconomic, demographic and geographic determinants. In the south, especially in rural areas, the diet is preserved based on corn and bean, while in the north and in the cities a high intake of red meat prevails, which damages health and impedes sustainability, revealed a study carried out by experts […]
MEF modifies the price range for sugar, corn, rice and milk powder
The Ministry of Economy and Finance (MEF) updated the reference prices and additional variable duties, established in the Price Band System, for imports of corn, sugar, rice (shelled and milled) and powdered milk. Vice-ministerial resolution No. 020-2023-EF/15.01 establishes that the reference price for the corn It will be US$228 per metric ton (MT), while the […]
FAO: world food prices remained stable in September
The reference index of international prices of food products that calculates the FAO remained largely stable in September as the decline in the prices of vegetable oils, dairy products and meat was offset by a notable increase in those of sugar and corn, the agency reported today. The Food and Agriculture Organization (FAO) food price […]
Brazil overcomes obstacles to unseat the US as the leading corn exporter
Brazil will overtake the United States this year as the world’s leading exporter of cornthanks to a bumper harvest and logistical advances such as the consolidation of export routes in the north, which are boosting the competitiveness of the South American cereal powerhouse. Corn exports through Brazil’s northern ports, which use the waterways of the […]
Due to historical drought, soybean production collapsed 51.5% in Argentina
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The production of soybeans Argentinaone of the world’s largest exporters of the oilseed, totaled 21 million tons in the 2022-2023 campaign, with a year-on-year collapse of 51.5% and registered its lowest volume in 20 years as a result of a drought historical. The data comes from a study by the Buenos Aires Grain Exchange, released […]
Mexico seeks to veto the consumption of transgenic corn, what do Canada and the US think?
Canada announced on Friday that it will join dispute resolution consultations called for by USA at the beginning of the month before the plans of Mexico to ban the import of genetically modified corn. Mexico wants to restrict GM corn for human consumption and eventually ban it for animal feed as well, something its two […]
Turkey announces extension of Ukraine grain deal
Turkish President Recep Tayyip Erdogan announced on Saturday the extension of the agreement that allows the export of grains from Ukrainenegotiated after the Russian invasion to alleviate the global food crisis. The current pact, signed in July 2022 by Ukraine and Russia with the mediation of Ankara and the UN, allows ships loaded with Ukrainian […]
Corn and wheat hit multi-week lows in the US on export concerns
The futures of corn in Chicago fell to a six-week low on Friday, while the wheat it dropped to four weeks, due to concerns over competition in the global export business, analysts say. Prospects for strong US corn production in 2023, along with other economic news, also weighed on grain futures. On the first anniversary […]