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Argentina’s worst drought in 50 years has crushed the country’s cash flow

The economic activity in April fell 0.9% annualised and 2.7% in March, but with a production drop of 30% in agriculture and livestock. It is thought the degree of the drop could reflect the beginning of a short-term recession. The worst drought in 50 years struck negatively with economic activity in April, which fell 0.9% year on year and 2.7% from March, seasonally adjusted, reported yesterday by the INDEC . The results of analysed data are conclusive. The agricultural sector showed a decline of 30.8% year…

Argentina’s Olive Oil Production Expected to Double By 2020

Industry analysts have announced that olive oil is now the country’s fastest-growing agricultural commodity and expect production to double in size by 2020, according to the Agri-Food and Agribusiness Strategic Plan of Argentina’s Ministry of Agriculture, Livestock and Fisheries. Rapid growth and improved technology in recent years has positioned Argentina among the world’s top producers of olive oil and table olives. Exports generated over US$30 million in the first trimestre of 2011 alone. The industry…

Argentina to receive more Chinese investments this year

By China Daily | July 2011 More Chinese investments are expected to flow to Argentina this year as the two governments signed several economic cooperation agreements this week, Luis Kreckler, Argentine secretary of trade and international economic relations, said on Wednesday. The agreements cover sectors including agriculture, energy, transportation and mining, Kreckler told China Daily, without disclosing details. The trade secretary headed a delegation of 50 high-level Argentine government officials in a…

China to invest billions in South American farmland improvements

The Chinese government plans to invest more than 100 billion yuan (15 billion U.S. dollars) over the next five years to improve farmland for the nation’s food security, according to the Ministry of Land and Resources (MOLAR). The investment aims to improve about 4 million hectares of land and replenish an additional 670,000 hectares of arable land in its major grain producers — Hebei, Jilin, Heilongjiang, Jiangsu, Anhui, Jiangxi, Shandong, Hubei provinces and Inner Mongolia and Guangxi autonomous…

China’s largest farming company and Argentina’s Cresud SA linked a joint venture to buy South American farmland

China’s largest farming company, Heilongjiang Beidahuang Nongken Group, inked a joint venture with Argentina’s Cresud SA to buy land and farm soybeans. Cresud is one of Argentina’s top agriculture firms with control over more than 1 million hectares (2.47 million acres) of farmland that produce grain, cattle and milk. Heilongjiang Beidahuang’s chairman, Sui Fengfu, told Dow Jones Newswires in March that the company plans to buy 200,000 hectares of overseas farmland this year, and that…

The South American agricultural landscape

June 2011 | by Simon Adamson       An arable crop of over a quarter of a billion tonnes is hard to imagine, but that’s what Argentina and Brazil are harvesting right now. Favorable weather, yields and prices have made many South American farmers winners again this season, but it also means shifting goalposts for agribusiness. Prices for arable land have jumped; in Uruguay they’ve risen 800% in the past decade. Soybean rules the landscape; it’s the crop of choice wherever it can be grown…

Top 10 hedge funds business horizons

  The top 10 hedge funds made $28bn for clients in the second half of last year, $2bn more than the net profits of Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, Barclays and HSBC combined, according to new data.   Even the biggest of the hedge funds have only a few hundred employees, while the six banks employ 1m between them. According to the data, the top 10 funds have earned a total of $182bn for investors since they were founded, with George Soros making $35bn for clients – after all fees…

Argentine group El Tejar became the biggest soy farmer in Mato Grosso´s region

Argentina-based Ag company El Tejar harvested approximately 680,000 metric tons (25 million bushels) of soybeans in Mato Grosso -Brazil’s main producing state- during the 2010-11 season, ending the decade-long reign of Erai Maggi, whose Bom Futuro group produced 576,000 tons (21 million bushels), according to data compiled by the Mato Grosso Soybean and Corn Producers Association (APROSOJA). El Tejar has operated in Brazil since 2003, largely adopting the Argentine model of renting land. The company has…