Argentine authorities on Oct. 14 ended a less-than-24-hour wage strike by the Federation of Oilseeds Workers that had temporarily halted local soy processing at plants owned by major shippers Cargill, Bunge, Glencore and Dreyfus. The Labour Ministry ordered the union back to work, with the government set to sit down with company and workers’ representatives
Argentine authorities step in to end soy workers’ strike
Argentina’s beef exports to China this year seen at pre-pandemic pace
Argentina is expected to export about 870,000 tonnes of beef to China this year, the main destination for the South American country’s renowned red meat, matching last year’s exports despite the global pandemic, a local meat chamber said Sept. 30. Argentina is a major global food supplier and China is an avid consumer of its
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
Argentine corn, soy output to fall due to dryness, capital controls, exchange
Reuters – Argentina’s upcoming soy and corn crops will be smaller than last season’s due to dry weather and capital controls that are eating into farmers’ profits, the Buenos Aires Grains Exchange said in a teleconference with agricultural analysts Sept. 23. Total grains production is set to fall 6.1 per cent this year versus the
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 nears China hog deal it hopes could turbocharge local pork production
Buenos Aires | Beijing | Reuters – Argentina is nearing an initial agreement with China that could pave for the way for potential investments by the Asian giant in local pork production for export, Argentina’s undersecretary of trade and investment promotion told Reuters. That could eventually lead to Chinese-backed hog farms in the South American
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
Argentina’s famed steak houses adapt to life under lockdown
Reuters – On the tree-lined streets outside Buenos Aires steak house Don Julio in the trendy neighbourhood of Palermo, diners are used to joining snaking lines to get a coveted table at the restaurant as evening falls. But since a strict nationwide lockdown was imposed on March 20 to slow the spread of the coronavirus,
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
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