Paraguay’s agribusiness pushes for China market access
A diplomatic tug-of-war frustrates beef producers in Paraguay as Taiwan ups aid to only remaining South American ally The Paraguayan cow has become an unlikely pawn in US-China corrivalry in South America. Exports of beef from Paraguay to China, the world’s largest consumer market, have long been blocked by the former’s longstanding recognition of Taiwan. Yet with local agribusiness pressuring the government to reassess its trade relations with China and the US anxious to prevent more Latin American nations…
Paraguay’s soy boom: a blessing or a curse?
Paraguay’s is not often highlighted for its economic achievements. Yet after 20 years of stagnation at the end of the 20th century, the landlocked country has enjoyed almost a decade of economic growth, still one of the fastest in Latin America. Driving this impressive expansion is a thriving agricultural sector, and its principal product: soybean. Taking advantage of recent rises international prices, spurred by demand from China and the purchase from EU countries to produce biodiesel, Paraguay is now…
Paraguay BCP: Soya exports tripled at the start of 2019
The Paraguayan economy began in 2019 with different nuances in its foreign trade components. Although soybean (the main export product) had an important jump, it was not enough for global sales to have a greater dynamism. Shipments of soybeans to international markets grew 262.7% in the past month, compared to figures obtained in January 2018, and totaled USD 169.2 million. However, exports as a whole rose by only 2% and totaled USD 997.9 million, reported the Central Bank of Paraguay (BCP) in its report on…
Paraguay is now the worlds third largest exporter of soybeans
Paraguay ranks as the third largest exporter of soybeans this season, with an export volume of 5.8 million tons, according to the latest supply and demand of the United States Department of Agriculture (USDA), productivasa.com.py as replicated by the local Paraguay website. Paraguay country moves to the third position overtaking Argentina, which this year faced a historically severe drought, which has caused more than 15 million tonnes of soya losses. Production checks in the productive regions of Argentina,…
Things look increasingly positive for PARAGUAY as growth continues
Things look increasingly positive for PARAGUAY as growth continues Paraguay’s growth estimate is now the highest for the whole of Latin America. With the dreaded Foot and Mouth Disease hitting the country in 2012, coupled with the drought, which caused the government to call for emergency assistance, the year saw a contraction of 0.9%. Since then the situation has been increasingly positive for the South American country. Estimates have been on the increase since 9.5% in October last year following to 10.5%…
