El Diario reports:
International prices on six basic food are down:
25% price fall of Santa Cruz soybeans, ton is priced at $340
The price of soybeans presented a downward trend during the last month as a result of a global oversupply and reduced Chinese demand for the oilseed. According to a cruceño producer, the fall reached 25 percent.
International prices of maize, wheat, sugar, cocoa and coffee fell during the last month and the price of soybeans is still downward, according to a report from the Bolivian Institute of Foreign Trade [IBCE] which takes as its source the Bolsa de Comercio de Rosario (Argentina).
The president of the National Association of Wheat and Oil Producers (ANAPO), Reynaldo Diaz, told El Diario, that soybeans fell 25 percent in international prices because there is overproduction in the United States. He attributed this behavior, on the other hand, to the price of a barrel of oil below $80 a barrel. “These are the two causes that are dragging soybeans,” said Diaz, who produce the oilseed in the department of Santa Cruz.
SOUTH AMERICAN HARVEST
“The impact of this situation will see more clearly the conclusion of the harvest in several South American countries like Brazil, Uruguay, Paraguay, Bolivia as well,” he said. Bolivia produces more than 2 million tons of soybeans a year. In the winter season production will be 500 to 600,000 tons, said Diaz, who expressed the concern of the sector.
The price of corn is at its lowest level in recent years (down 7% last month), due to an extraordinary crop for the present year, in particular in the USA, the world’s largest producer. As in the case of corn, the price of wheat is at its lowest level of the past four years, led by a record harvest USA. Compared to August 15, 2014 the price fell by 10%.
The price of sugar fell 13% during the last thirty days, before the report of a record production in Brazil, the largest producer of the sweetener, which will result in a global oversupply.
Like all other agricultural products, coffee prices also fell by 2% during the last month, influenced by the projection of the drought affecting the Brazilian production will be reduced for next season.
Cocoa reduced its price quotation over the last month, falling to 5%. However, the price still maintains a favorable level thanks to the growing demand from the USA and Asian countries.
The price of soybeans presented a downward trend during the last month as a result of a global oversupply and reduced Chinese demand for the oilseed.
So… what can be expected in terms of public policies to support our national producers? …?! nothing as the worst ochlocracy ever is only immersed in winning their illegitimate re-re-election!