SAO PAULO, (Reuters) – Abiove, Brazil’s oilseeds industry group, said on Tuesday that commodities traders may reduce financing to farmers by around 50 percent for the new crop (2019/20) due to defaults and bankruptcy protection requests in the sector. Patrícia da Silva, Abiove’s tax and legal affairs manager, said the potential reduction in farmer loans […] Read more
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Brazil-U.S. wheat deal catches major supplier Argentina off guard
BUENOS AIRES/SAO PAULO, (Reuters) – Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro’s agreement to import 750,000 tonnes of wheat from the United States and other countries outside the Mercosur trade bloc without applying the 10 percent tariff that is usually levied on such purchases. Wheat growers in Argentina’s Pampas farm […] Read more
