Haryana is negotiating an agreement with Argentina and Brazil to build godowns, or warehouses, in rural areas. http://www.business-standard.com/article/pti-stories/haryana-negotiating-with-argentina-brazil-to-set-up-godowns-113060200450_1.html
Floods, Fungi Fan Food-Price Jitters Over Argentine Wheat
Heavy rains in Argentina have damaged wheat crops, reducing the harvest from 11.5 to possibly just 9.5 million tonnes this year. Quality was also affected as added moisture and delayed harvest time spurred the growth of fungi which is causing the crop to rot in the fields. The situation is a point of concern for […]
Record Wheat Stocks Offset South American Drought
Despite the severe drought in South America, world wheat stocks have grown to record amounts this year, corn stocks are larger than expected, and India will also have a record rice crop. Brazil and Argentina both have lowered soybean harvest forecasts, both 2 million tonnes lower than the January estimate, thus bolstering US sales. http://www.canadiancattlemen.ca/news/record-wheat-stocks-offset-south-american-drought/1000894325/
La Nina Seen Near Peak as Dryness Parches Argentine Corn
The tropical storm that has brought dry weather to Argentina and increased rainfall in SE Asia is drawing to a close. The storm has caused dryness damage to corn and soybeans in South America, and flooded rubber and palm plantations in Malaysia and Thailand. Argentina’s corn output was expected to hit 29 million tons, but due […]