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Brazil
03/10/2023
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By Ramon Tomey
FRANKENFOOD ALERT: Brazil approves planting of genetically modified wheat
The Brazilian government has approved the planting of genetically modified (GM) wheat in the country, making it the second South American nation to do so after Argentina. The approval was issued by Brazil’s National Technical Commission of Biosecurity (CTNBio) in response to a request filed by plant genetics firm Tropical Melhoramento e Genetica (TMG). Based […]
01/18/2023
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By Arsenio Toledo
High prices for potash fertilizer to persist in 2023 as world struggles to ramp up production
A major Brazilian potash producer recently warned that high prices for this variety of fertilizer will likely persist as the world scrambles to ramp up production amid concerns over food insecurity. Brazil Potash CEO Matt Simpson said protectionism, or government policies that restrict the international trade of certain products such as fertilizer, is a big […]
01/05/2023
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By Ethan Huff
Brazil sends first-ever corn shipment to China – is U.S. losing its commodity trade dominance?
Right now, more than 20 bulk carriers loaded with corn from the United States are en route to China, which continues to rely heavily and almost exclusively on our own Midwestern states for the crop. The first-ever carrier filled with Brazilian corn, however, also just arrived in Singapore for transfer into China – this potentially […]
10/27/2022
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By Mary Villareal
USDA data: America’s cold-stored orange juice stockpiles down 43%, the lowest level since 1977
The United States stockpiles of cold-stored orange juice have plunged by 43 percent in September from a year earlier. According to U.S. Department of Agriculture (USDA) data, this is the lowest level they have fallen into since 1977. This is due to a combination of crop diseases across Florida’s citrus groves and the wrath of Hurricane Ian, which destroyed […]
09/20/2022
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By Arsenio Toledo
Brazil, the world’s largest producer of arabica coffee, reports record-low inventory
Brazil, the world’s largest producer of arabica coffee, is reporting record-low inventory – highlighting the worsening condition of global coffee supplies. Coffee inventories in Brazil may dip to just seven million bags weighing 60 kilograms (132 pounds) each by March 2023, according to Silas Brasileiro, president of the National Coffee Council. According to industry experts, a […]
07/22/2022
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By Kevin Hughes
Brazilian agriculture official: No corn exports to China until next year
A Brazilian agriculture ministry official said on Thursday, July 14, the country’s corn may only be exported to China next year because of demands made by Beijing concerning trade protocols. According to Jose Guilherme Leal, agriculture defense secretary at the ministry, Beijing has requested the monitoring of a few weeds and fungi in corn crops […]
07/21/2022
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By Ramon Tomey
Brazilian corn not expected to hit Chinese markets until 2023
Corn from Brazil is not expected to hit Chinese markets until 2023. Jose Guilherme Leal, agricultural defense secretary at the Brazilian Ministry of Agriculture, Livestock and Food Supply (MAPA), told Brazilian newspaper Valor Economico on July 14 that Beijing requested Brasilia to monitor some weeds and fungi in crops. According to the official, China’s demands were […]
06/09/2022
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By Arsenio Toledo
Global food and fertilizer supply crisis gives Russia significant leverage
Russia’s large stores of fertilizer could give it significant leverage during the global food and fertilizer supply crisis. Since the invasion of Ukraine in late February, international food prices have risen by 30 percent. In the United States, food prices have risen 10 percent over the last year. Western economic sanctions heaped upon Russia following […]
02/10/2022
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By Kevin Hughes
Cooking oil’s price surge signals worsening global food inflation
Surging cooking oil prices is raising concerns that global food costs are heading for record highs as drought hampers production in South America, labor shortage hinders output in Malaysia and Indonesia bars exports to safeguard domestic supplies. Palm oil, the world’s most consumed cooking oil, soared to another intraday record in Kuala Lumpur on Monday, […]
11/18/2021
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By Matthew Davis
Coffee prices soar to 7-year high as supply woes hit top producers Brazil, Colombia and Vietnam
Poor weather, shipping snarls and soaring fertilizer prices, which affected supplies from leading producers Brazil, Colombia and Vietnam, sent the price of coffee to a seven-year high. Prices have almost doubled in the past year, raising the cost outlook for companies such as Starbucks Corp. and Peet’s Coffee & Tea Inc. that favor the high-end […]
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