Mathews Company launches new grain dryer line as Argentine farmers mull ditching soybean for corn

US —Mathews Co. (M-C), a family-owned global manufacturer of grain dryer equipment, has launched its newest grain dryer product line, the Fusion Series.  The Fusion Series includes familiar features such as a welded base, Pinnacle 20|20 controls, and M-C Trax remote monitoring and control which enhance the efficiency and effectiveness of the grain drying process.  The Pinnacle 20|20 is a PLC-based control system with a large customizable touchscreen that has remote connectivity for operational monitoring and control, and intuitive troubleshooting and help features.   M-C Trax, on the other hand, allows users…

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Argentina’s milk production to rise to 11.58m tons in MY2021 as producers ramp up production to offset low margins

ARGENTINA – Milk production in Argentina is projected to rise 1.1% during the 2021 Market Year (MY) as producers increase production to offset negative margins caused by rising feed costs and domestic price controls. According to recently released data by USDA, milk production in the South American nation is projected at 11.58 million tons, an increase of 1.1% over revised MY 2020 production levels. Fluid Milk is projected to amount to 11,575,000 metric tons of fluid milk, an increase of 130,000 tons or 1.1% above revised 2020 production. Consumption of…

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Local supply of beef tightens in Argentina forcing authorities to ban exports

ARGENTINA – Argentina, the world’s fourth-largest beef exporter, has announced a one month ban on beef exports, in an effort to shore up local supply of the commodity and fight rising inflation. The government hopes that by reducing exports, there would be more supply of meat into the domestic market which would in turn result in lowering of beef prices. According to a report by the United States Department of Agriculture (USDA), meat prices in the greater Buenos Aires region  have risen by 64.7% from April 2020 to April 2021.…

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Argentina annual sugar production projected to fall 1.55m tonnes due to unfavorable weather

ARGENTINA – Sugar production in Argentina is forecast to fall by as much as 1.55 million tons, raw value, due to early season dryness which is expected to negatively impact yields, according to  latest projections by the United States Department of Agriculture(USDA). USDA further projects that the domestic use of sugarcane for ethanol is expected to grow while sugar exports are projected to fall 8% to 220,000 tons largely due to a smaller sugar supply. Meanwhile, Venezuelan sugar production is projected upwards to 190,000 MT In market year (MY) 2021/22.…

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Ingredion expands presence in South America through partnership with Argentina’s Grupo Arcor

ARGENTINA – Global ingredient solutions provider to the food and beverage industry Ingredion has partnered with Argentina’s Grupo Arcor to create a new food ingredients joint venture for the South America region. Arcor is a leading food company in Argentina, the first global producer of hard candy, and the main confectionery exporter in Argentina, Chile, and Peru. It has more than 40 industrial plants with a daily production volume that amounts to 3 million kilograms and brands that are reportedly sold in more than 100 countries worldwide. In a statement,…

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Bioceres Crop Solutions achieves full ownership of soybean biotech firm Verdeca

ARGENTINA – Integrated provider of crop productivity solutions Bioceres has achieved full ownership of soybean biotechnology firm Verdeca following the acquisition of remaining ownership interest from Arcadia. Founded in 2012 as a joint venture between Bioceres and Arcadia, Verdeca develops second generation biotechnologies for soybean and works to globally commercialize HB4 Soy technology. Having assumed full control of HB4 Soy, Bioceres plans to further accelerate the commercialization of this technology by increasing the number of related breeding collaborations and go-to-market partnerships in current as well as new geographies. Full ownership…

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IFC issues US$100m loan financing to Argentine agribusiness company Adecoagro to foster its diary sector

ARGENTINA – IFC, a member of the World Bank Group, is providing a US$100 million loan to Adecoagro, a leading agribusiness company to support the expansion plan in its dairy sector. Adecoagro is a leading producer of food and renewable energy with operations in Argentina, Brazil, and Uruguay. IFC’s financing will support Adeco Agropecuaria, Pilaga and L3N, three Argentine subsidiaries of Adecoagro. It will help foster an innovative, sustainable approach to developing the dairy industry, an important component of the agribusiness sector in Argentina, which is a key economic driver for the country, accounting for 63…

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Glencore Agriculture increases stake in Argentinian food processor Renova

ARGENTINA – Glencore Agriculture has acquired an additional 16.67% in its Argentinian supply chain and processing joint venture, Renova to become the majority owner with 66.67% shareholding in the company. Glencore Agriculture purchased the stake from its joint venture business partner, Vicentin, as part of Glencore’s efforts to further drive growth in the business. Glencore Agriculture Chief Executive Officer, David Mattiske said the company is very pleased to increase its ownership and continue to support Argentinian agriculture. “The Renova assets and the products produced fit well with our business and…

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China reaches soymeal import deal with Argentina as trade talks near

ARGENTINA – The world’s top soymeal producer by volume, Argentina has reached an agreement to export the product to China, marking the first soymeal shipment that Argentina has made to China. According to a report by Reuters, Gustavo Idigoras, president of Argentina’s CIARA-CEC chamber of grain exporting companies, however, noted that the deal is still subject to a two-step process of plant authorizations and then registrations. The deal, which follows decades of talks, is arguably a major breakthrough amid the US-China trade war that has hit US growers. The deal…

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Nestle invests US$11.9m in a new liquid milk line in Argentinian factory

ARGENTINA – Nestle Argentina has inaugurated a new liquid milk production line at its factory located in Villa Nueva, Córdoba province after making investment worth US$11.96 million (CHF 12 million). The new line will enable Nestle start production of liquid milk in added value segments in the Argentinian market. The investment includes a new sterilization plant, state-of-the-art technology, an adaptation for packing line, the renovation of existing boilers and the cold system for the whole plant and a modern and automated deposit. The new production line produces 10 million liters…

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