GFM Network News


A photo taken Dec. 4 illustrates drought-affected crops in the Argentine province of Corrientes. The region is in the grip of the most intense drought in nearly 20 years.

Dry weather hits Argentine crops, soy markets in rationing mode

Weather woes and accelerating purchases by big buyers like China are boosting the market

Grains powerhouse Argentina is suffering a rainfall deficit of 150 to 300 millimetres with forecasts promising less moisture than necessary to fully refresh parched soy and cornfields, weather experts said recently as worry persisted about yield losses. Months of hot, dry weather have put the country’s two main cash crops at risk. Argentina is the







Argentina planning temporary cut on soy export taxes

Farm industry sources say the move should spur more exports from the Latin American nation

Argentina plans to temporarily cut soybean and soymeal export taxes by three percentage points to 30 per cent to help stimulate export revenue as the country struggles with recession and dwindling foreign reserves, a local industry source said Oct. 1. The tax cut would last until the end of the year. The export levy would

Soy versus corn?

Argentine farmers weigh high prices, dryness as planting season hits

High soy prices are expected to support planting in Argentina this season, but that will be balanced by dry weather, which is driving farmers across the Pampas Grains Belt to favour late-season corn, which also has attractive prices. Argentina is the world’s top exporter of soymeal. Soy, which is the country’s main cash crop, competes

Argentina says hit by second locust swarm, farmers on alert

Buenos Aires | Reuters — Grains powerhouse Argentina is getting hit by a second swarm of locusts arriving from neighbouring Paraguay, Argentina’s Senasa agricultural health inspection agency said on Tuesday, putting farmers on notice about possible crop damage. The new swarm is concentrated in the province of Formosa in north-east Argentina, on the Paraguay border.


Argentina jockeys to get its barley into Chinese beer

The Latin American nation hopes to displace Australia during a trade dispute

Argentina is jockeying to get more of its malt barley into Chinese beer, now that Asia’s mega-economy is locked in a trade fight with its top barley supplier Australia, according to industry sources in the South American grains powerhouse. China is the top global importer of malt barley for making pale lagers and other beers, while Saudi Arabia is the top importer

Argentine grains port workers request exports be suspended due to pandemic

COVID-19: The country has 502 confirmed cases and eight deaths

A labour union representing Argentine grains port workers has asked the government to suspend exports, a move that would put upward pressure on world soy prices and hobble the country’s main source of revenue as it seeks to avoid default. The URGARA union, which represents inspectors who check the quality of grains before they are