News of drought

Rainfall falters for Argentina’s baked soybean and corn farms

20-01-2025 14:57 Rains that were forecast to fall on farmland over the weekend largely failed to materialise, leaving the region continuing to suffer from dryness.

Climate Crisis

UN warns world's water cycle becoming ever more erratic

08-10-2024 15:20 Several tributaries of the Amazon River, one of the longest and most abundant in the world, are in a "critical situation of water scarcity" due to the historic drought affecting Brazil. One of the many water issues plaguing the world right now.

AGRICULTURE & ECONOMY

Global food prices risk spiking on worst-ever drought in Brazil

06-10-2024 09:47 The worst drought in Brazil’s history is jeopardising coffee, sugar and soybean crops. Dead vegetation is giving way to fires, sending greenhouse gases into the atmosphere and disappearing more of the Amazon rainforest.

ENVIRONMENT

Brazilians choke as fire smoke blankets 80% of country

30-09-2024 16:44 Brazil is suffering the effects of a multiplication of fires from north to south in the midst of an extreme drought linked to climate change.

agriculture & economy

Bug plagues crops in setback for Milei’s recovery plan

17-04-2024 16:49 Argentina corn farmers had high hopes for this season’s harvest. Now a bug is getting in the way.

IMF DEBT PROGRAMME

IMF to postpone Argentina review to give Milei more time

31-01-2024 12:28 Troubled nation’s quarterly review, scheduled for September, will move to November, according to Reuters. If confirmed, it would give the government greater scope to implement economic changes and potentially negotiate a new programme.

AGRICULTURE & ECONOMY

Argentina's best soy crop in five years set to be boon for Milei

11-01-2024 16:59 Argentina is on course to produce its best soybean crop in five seasons – 52 million metric tones.

AGRICULTURE & ECONOMY

Argentina set to double wheat sales to Brazil on rebounding crop

07-12-2023 21:00 Argentina is poised to more than double its shipments of wheat to Brazil, displacing competitors including Russia in the key global agriculture market.

AGRICULTURE & ECONOMY

Argentina running out of soy adds to next president’s economic woes

16-11-2023 19:05 After the worst drought in six decade, farmers are running out of the very commodity that fuels Argentina’s economy.

Election 2023: the rural vote

On the pampas, farmers are all in on Milei

10-11-2023 13:06 Argentina's agriculture industry — which accounts for 20% of gross domestic product — portrays the coming election as existential. And the preference of many rural producers is Javier Milei.

AGRICULTURE & ECONOMY

Foreign currency income from agroindustry down 50% so far this year

03-11-2023 15:40 Impact of severe drought illustrated by lack of income – as much as US$20 billion might be lost this year.

AGRICULTURE & ECONOMY

'Soy dollar' back with 25% foreign currency available to exporters

05-09-2023 12:17 Fifth edition of the 'Export Increase Programme' this time does not include unique exchange rate; Applies to exporters from last 18 months; Details of the new decree and the sector's reaction.

MASSA IN WASHINGTON

Argentina says IMF to allow currency intervention to hold range

23-08-2023 22:42 IMF to allow Argentina to intervene in currency markets if peso drifts above or beyond a certain range, says Economy Minister Sergio Massa.

IMF DEBT PROGRAMME

IMF board approves US$7.5-billion disbursement for Argentina

23-08-2023 14:46 Spokesperson for Economy Minister Sergio Massa says IMF's executive board has approved release of US$7.5 billion in funds to Argentina.

Economy

Argentina's trade gap hits record as drought foreshadows recession

20-07-2023 13:58 Argentina's worst drought in history led to a record trade deficit in June, raising recession fears as the economy faces a 3% contraction in 2023.

ENVIRONMENT

Race against time to find fresh water for Uruguay's capital

14-07-2023 10:11 Uruguay is frantically laying pipes and digging wells as it races to find fresh sources of precious H2O amid a record drought.

AGRICULTURE

Argentina’s wheat area cut even as rains improve crop conditions

13-07-2023 15:54 Wheat plantings in Argentina will cover an area of 5.4 million hectares, 200,000 hectares less than estimated in June, with production now seen at 15.6 million tons, according to the Rosario Board of Trade.

Agriculture

Drought slashes 2022/2023 soybean production by 51.5%

04-07-2023 16:56 Impact of punishing drought on Argentina’s crops laid bare as new report reveals soybean production came in at 21 million tons – less than half of last year’s harvest.

DROUGHT EMERGENCY

Thirsty Uruguayans launch quest to find underground water

11-06-2023 09:11 Water shortages in Montevideo, Uruguay's most populous city, remain "very critical"; Lacking freshwater reserves for the capital and its surroundings, drilling is underway to tackle the crisis.

IMF DEBT TALKS

IMF ‘evaluating’ new government measures as talks continue

18-05-2023 20:41 International Monetary Fund says they are still "evaluating the measures" announced this week by Argentina’s government, as negotiations over changes to the country’s multi-billion-dollar credit-line advance.