Argentina’s plan to increase its foreign exchange reserves by encouraging soybean exports, which will be announced on Wednesday, will take effect next Saturday and will run until May 24, a government source said. The measure, known locally as the “soybean dollar”, will seek to accelerate sales of the oilseed by offering farmers a higher exchange […]
Tag: Soy
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 […]
EU soybean imports fall to 7.71 million tons as of March 12
imports of soy of the European Union in the 2022/23 campaign that began in July they fell to 7.71 million tons through March 12, compared to 9.63 million in the same week of the previous season, data published by the European Commission showed on Tuesday. EU rapeseed imports so far in 2022/23 rose to 5.76 […]
Argentine agriculture, on a war footing against the Government after the closure of exports of soy derivatives
Farmers in Argentina, one of the world’s largest food exporters, said they are analyzing protests against the government after it closed soybean oil and flour exports, a prelude to what local media and experts say will be a rise in prices. export rates. The closure of exports is considered in the sector as the previous […]
Wheat reached its highest level since 2008 after the invasion of Ukraine
The markets of grain They took flight even higher this past Thursday, February 24, when Russia’s attack on Ukraine put a vital source of global supplies at risk. The price of wheat climbed to its highest peak since 2008 in Chicago this, which raises fears for cereal exports, of which Russia and Ukraine are major […]
Dollar: why are the prices of some products still high despite the drop in the exchange rate?
Despite the fact that the dollar has fallen by -6.04% thanks to the solid macroeconomic fundamentals, the consumer has expressed his discomfort at not seeing that the fall in the safe haven currency is transferred to the prices of food and basic necessities. Given this concern, experts consulted by La República specify that lower prices […]
Hot, dry weather heightens nervousness in hard-hit Argentina farm
Forecasts of high temperatures and little rain are increasing nervousness among agricultural producers in Argentina, which in recent weeks has seen forecasts for its soybean and corn harvests fall repeatedly and severely due to adverse weather, sector specialists said on Tuesday. . Argentina is the world’s leading exporter of soybean oil and meal, and the […]
Dry climate in Argentina’s soybean heart awakens ghost of “productive disaster”
Recent dry conditions and little rain forecast for the coming weeks in central Argentina they fear that the current soybean campaign will suffer a “productive disaster” like that of 2018, when the harvest did not exceed 38 million tons, said the Rosario Stock Exchange (BCR). Argentina is the world’s largest exporter of olive oil and […]
Extreme weather in Brazil is flooding mines and drying up crops
Weather extremes in commodity powerhouse Brazil are reverberating across global markets, driving up prices for everything from soybeans to metals. Drought and heat in the south of the country have caused crop losses and scuttled what was supposed to be a record oilseed production in the world’s largest producer. Meanwhile, the northern half of the […]
Drought collapses forecasts for Argentina’s corn and soybean harvest
Updated on 01/13/2022 09:01 am The Rosario Stock Exchange (BCR) on Wednesday dramatically reduced its harvest forecasts for Argentina’s 2021-2022 corn and soybeans to 48 million and 40 million tons, respectively, due to the drought accompanied by high temperatures that a month ago it affected agricultural areas. The new estimates are well below the 56 […]