GFM Network News

Brazil soy growers seek WTO complaint against U.S.

Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian soybean growers have asked their country to file a complaint against the U.S. at the World Trade Organization, alleging U.S. farm subsidies give an unfair advantage to the world’s top soybean producer. Brasilia-based farm group Aprosoja says those subsidies might be costing Brazilian farmers $1 billion a year in […] Read more

Brazil court probing state-backed loans to JBS

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s federal accounts court, the TCU, said it had identified irregularities on loans to JBS SA, the world’s largest beef producer, and is deepening an investigation into the company’s relationship with state-run lender BNDES. The TCU is probing loans used to purchase U.S.-companies Swift and Co, for about US$225 million […] Read more

El Nino seen bringing drought to Brazil’s north, heavy rains to south

Reading Time: 2 minutes Sao Paulo | Reuters –– Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country’s main grain-producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said. Inmet meteorologist Fabricio Daniel dos Santos Silva said six consecutive quarters of warming sea […] Read more

Brazil soy exports likely to slow after fire near Santos port

Reading Time: 2 minutes Sao Paulo | Reuters –– Brazil’s soy exports will likely slow because a six-day fire at a nearby fuel-storage facility has restricted access to Brazil’s largest port, Santos, a port official and the soy industry association Abiove said on Tuesday. Authorities have agreed to restrict truck access to some terminals at the port at least […] Read more

Brazil truckers continue some roadblocks after crackdown

Reading Time: 2 minutes Sao Paulo | Reuters — Striking truck drivers resumed some roadblocks in Brazil on Monday, disrupting grain and meat shipments to southern ports even as the government cracked down on protesters and promised to give new benefits to the transport sector. By mid-afternoon there were 23 road blockages in three southern states, down from 99 […] Read more

Brazil soy exporters to police Monsanto seeds, for fee

Reading Time: 3 minutes Sao Paulo | Reuters — At least one soybean exporter in Brazil has agreed with Monsanto to collect royalties, in exchange for a fee, from farmers who planted genetically engineered seeds marketed by the company, according to industry sources. The landmark deal, already finalized by a firm that declined to be identified, highlights an increasingly […] Read more

Brazil soy farmers start planting expected record crop

Reading Time: 2 minutes Sao Paulo | Reuters — Farmers in Brazil have started planting what may be their third consecutive record soybean crop though progress has been uneven in South America’s largest economy, analysts for two state-level farm institutes said Wednesday. Parana, Brazil’s No. 2 soy growing state, in southern Brazil has planted six per cent of its […] Read more

Russia ban offers big opportunity for Brazil

Reading Time: 3 minutes Sao Paulo/Brasilia | Reuters — Russia’s ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil and a smaller one for its Latin American neighbours. Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South […] Read more