Milling industry in Argentina is crossing an unusual situation: wheat prices are higher in the domestic market than in the international ones. “July price in Kansas or Chicago markets are 50 or 60 dollars per tonne below Buenos Aires reference”, says Diego Cifarelli, manager at Argentina Federation of Milling Industry (FAIM). During 2017 and for […]
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It is expected a bumper crop surpassing 20 million metric tons this season “I’m really optimistic”, said Ministry of AgIndustry Luis Etchevehere, when he was asked for the next wheat campaign. It happens that after a severe drought affecting de summer crops (soybeans, maize), the autumm rains are returning hopes to the beaten farmers in […]
Buenos Aires, February 21st. A good sign: during the past January, the Buenos Aires Futures Exchange (MATBA) operated 3.2 million metric tons of grains futures, growing 14% versus January 2017 and beating a new record for this month. In the previous years (2015 to 2017) MATBA operated between 1.5 and 1.9 MMT of futures contracts […]
(Photo: Sergio Gancberg, regional manager of Glencore Agriculture Ltd) Buenos Aires, February 19th. The Glencore’s full-controlled subsidiary Oleaginosas Moreno Hnos (OMHSA) SA announced the agreement with the port authorities of Bahía Blanca to renew its Puerto Galvan operation through 2040. According to the press release, the company agreed to invest for US$25 million. These investments […]
Buenos Aires, February 4st. In the last January, oilseed industry and grain exporters entered US$1,756 million to the Argentine economy, versus US$1.040 million in December 2018. Some analysts celebrate this fact saying that thanks to better harvests of wheat and barley, export companies are enhancing the income of dollars to the Argentine economy. According to […]
The president of the Rosario Futures Exchange (ROFEX), Mr. Andrés Emilio Ponte, told to www.eFarmNewsAr.com that it is expected that merger with Buenos Aires Futures Exchange (MATBA) is concluded in May 2019. Last December, the shareholders of the MATBA approved the merger with its counterpart in Rosario. Currently, Mr. Ponte explain, they are running the […]
(Photo. A combine harvesting wheat in 25 de Mayo, in the Central Pampas. Credit Fernando Meoli) Buenos Aires, January 18th. The Buenos Aires Grain Exchange (BCBA) confirmed that Argentine farmers obtained a 19 MMT record wheat harvest, plus a good barley harvest of 4.1 million metric tons. This volumes surpassed the previous ones by 7% […]
(Photo: Huergo addressing at the Don Mario’s annual soybean conference) Buenos Aires, January 14th. In one of our latest articles, Waht will seed companies do? we asked ourselves if the biotechnological companies based in Argentina are willing to launch its soybean traits, after China green-lighted the imports of soybean with herbicide-resistance technologies owned by Corteva and […]
Buenos Aires, December 28th. The year concludes with two great news for the futures markets. One: the volume hedged in the Matba reached a record volume of 44 million metric tons, versus 26.3 MMT in 2017. Two: MATBA’s shareholders approved the merger with Rofex, the other largest futures market in Argentina. “Both are great news”, […]
(Photo: soybean planted over wheat stubble, as a second crop in the same season. The farmer is Santiago Del Solar, currently Chief of Advisors at Ag-Industry secretariat) Buenos Aires, December 21st. Today, the Seed National Institute (INASE) published its Order 228/2018 in the Official Register establishing the use of DNA molecular markers, known as Single Nucleotide […]