Buenos Aires | Reuters — Port workers in part of the Argentine grain hub of Rosario went on strike on Thursday to demand a year-end bonus, paralyzing ship movements, said the head of the powerful CGT union’s local branch. Wage increases are lagging behind Argentina’s soaring inflation rate, which some private economists estimate is around […] Read more
Striking port workers in Argentine grains hub halt shipping
Argentine state bank to cut off farmers who hoard soy
Buenos Aires | Reuters — Argentina’s main state bank will deny credit to farmers who are holding onto soybeans as a hedge against inflation, a top official said on Friday, as the government cracks down on crop hoarding as part of a campaign to build up its dollar reserves. The grains-rich but cash-poor South American […] Read more
Dry spell to create ideal conditions for Argentine grains
Buenos Aires | Reuters — Heavy rains during the weekend will be followed by a dry spell across much of Argentina’s grains belt, creating ideal growing conditions for the 2014-15 corn and soy crop, a local meteorologist said on Monday. German Heinzenknecht, meteorologist with the (CCA) Applied Climatology Consultancy, said about 50 millimetres fell across […] Read more
Argentina sees wheat harvest of 12 million tonnes
Buenos Aires | Reuters –– Argentine farmers will harvest 12 million tonnes of wheat in the 2014-15 crop year, the agriculture ministry said in its monthly report Thursday, issuing its first wheat crop estimate of the season. Argentina’s 2013-14 wheat harvest was 9.2 million tonnes, according to official data. “Losses have been seen in parts […] Read more
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