Reuters – Brazilian farmers will spend more to nourish crops like soybeans and corn this season, according to agribusiness consultancy StoneX. It reflects a rise in prices exacerbated by the conflict in Ukraine. A soybean farmer in the south of the country spent on average US$251.65 per hectare to buy nutrients in the last season.
Big crops loom even as Brazil growers face high input bills
Brazilian food processor BRF CEO resigns
Reuters – Brazilian food processor BRF said Aug. 29 that chief executive Lorival Luz had resigned and will be replaced by Miguel Gularte, a top executive at beef-packer Marfrig Global Foods. Shares in the poultry and pork processor were mixed as BRF investors digested the news. “To some extent, Miguel Gularte can be described as
Asian demand for beef to remain strong: JBS CEO
MARKETS While per-capita consumption is still low, world’s largest meatpacker sees opportunity in region
JBS SA, the world’s largest meatpacker, is bullish on the outlook for beef sales to Asian countries, mainly China, as per-capita beef consumption in the region remains low. Speaking on a conference call to discuss second-quarter results, CEO Gilberto Tomazoni said JBS, with its many export platforms, was in a good position to cater toBrazil firm laments zoonotic trade blocks
Reuters – Unreasonable animal health risk assessments continue to hamper global meat trade, according to Joao Sampaio, the director of institutional affairs at Brazilian beef processor Minerva. In statements July 26, Sampaio cited Turkey, which refuses to import Brazilian beef due to foot-and-mouth disease worries, but does buy live cattle from the country, “…which is
Developing world food prices first to fall: U.S. official
Reuters – Weaker commodities prices will take longer to ease food inflation in the U.S. than in the developing world, according to a July 26 statement from Seth Meyer, chief economist at the U.S. Department of Agriculture. Some of the world’s poorest nations were hardest hit by a spike in corn and wheat prices after
As grain prices fall, food prices to ease first in developing world -U.S. official
Sao Paulo | Reuters – Seth Meyer, chief economist at the United States Department of Agriculture, said on Tuesday weaker commodities prices will take longer to ease food inflation in the United States than in the developing world. Some of the world’s poorest nations were hardest hit by a spike in corn and wheat prices after Russia’s
Compensation key to tackling Brazilian deforestation
Dreyfus Brazil CEO says tackling deforestation involves compensating farmers
Brazil’s chief executive of commodities trader Louis Dreyfus says that if society wants to seriously tackle deforestation, mechanisms are needed to compensate farmers for conserving trees. Murilo Parada told an audience at the World-Agritech South America Summit in Sao Paulo that the development of a carbon market would be key to protect the environment and
Brazilian farmers to expand soy area, cut fertilizer use
Consultancy has issued earliest forecast for next season
Reuters – Brazilian soybean farmers will raise soybean plantings by 1.5 per cent nationwide next season, agribusiness consultancy Agrinvest Commodities told Reuters recently, in one of the first-known projections for area growth for the new crop. Brazil planted 40.8 million hectares (100.8 million acres) with soybeans in the 2021-22 cycle, a 4.1 per cent expansion,
As sanctions bite Russia, fertilizer shortage imperils world food supply
From Mato Grosso to Manitoba, farmers are fretting over high prices, lack of supply
Reuters – Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages. Western sanctions on Russia, a major exporter of potash, ammonia, urea and other soil nutrients, have disrupted shipments of those
Syngenta picks Brazil’s ConnectFarm for project to recover degraded pasture land
Reuters – Brazilian ag-tech company ConnectFarm has been selected by China’s Syngenta to participate in a project aimed at recovering at least one million hectares of degraded pasture land in Brazil over five years, the company said in a statement. ConnectFarm’s role in the project, announced by Syngenta and The Nature Conservancy in 2019, will