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BRAZIL- The National Biosafety Commission of Brazil’s Ministry of Science, Technology, and Innovation has approved the commercialization and cultivation of Bioceres’ HB4 Wheat in Brazil. The National Biosafety Commission has been evaluating the safety of Bioceres HB4 wheat and has concluded that it is safe for cultivation and commercialization in the country. HB4 wheat is a type of wheat that…
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BRAZIL- Domestic demand for soy oil drove the Brazillian soybean crush forecast to 51.5 million metric tons (MMT) for 2022/23, according to the United States Department of Agriculture (USDA). The USDA raised its projection for Brazil’s domestic soybean oil consumption to 7.83 MMT in MY 2022-23, from 7.5 million in the previous year. From the projected soybean crush, the forecast…
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USA- Kansas-based Seaboard Corp’s Commodity Trading and Milling (CT&M) segment recorded a 148% increase in operating income thanks to higher margins in some commodities and the sale of their Brazilian flour milling operations in the 2022 fiscal year. The segment, which sources and markets over 14 million tonnes of agricultural commodities each year, posted US$151 million operating income in the…
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BRAZIL – Cargill, an agricultural commodities trading giant, has partnered with Banco de Brasil to launch a US$240 million ‘ESG Time Deposit’, to support sustainable development in the country. The resources will be applied in projects of environmental management and natural resources, clean transport, renewable energy, low-carbon agriculture, and affordable housing, among others. According to Cargill, farmers and other entrepreneurs…
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BRAZIL – Brazilian agricultural production is expected to continue growing in 2023, maintaining the trend of producing another record-breaking grain harvest, according to a report from the Foreign Agricultural Service (FAS) of the United Sates Department of Agriculture (USDA). In the report, the FAS post in Brazil maintained its corn planted area forecast at 22.5 million hectares (ha) for MY…
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