Agribusiness
Agro-industrial entities endorse new waterway contract
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After the final stage of the official tender was completed, agricultural and industrial entities praised the transparency of the process for the new waterway contract.
Ingenio La Cabaña requested liquidation from Supersociedades on June 12, 2026, after missing the deadline for a reorganization agreement. The move sparked worker protests that blocked the Panamericana Highway in Villa Rica.
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China has temporarily suspended imports from three Brazilian slaughterhouses after detecting residues of a banned synthetic hormone.
The 10th Harvest Money Expo kicked off at Kololo Ceremonial Grounds in Kampala, Uganda, emphasizing farming as a business. State minister for agriculture Fred Bwino Kyakulaga officially opened the event, highlighting innovations and government commitments to the sector. Sessions covered practical topics like beekeeping and mushroom farming to boost farmers' incomes.
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President Luiz Inácio Lula da Silva annulled presidential decree 12.600/2025, which called for studies on concessions for waterways on the Tapajós, Madeira, and Tocantins rivers. The decision followed actions by indigenous movements opposed to the projects, including invasions of private properties. The government described the measure as active listening to community demands.
Brazilian officials lack clarity on whether beef shipments en route to China will count against Beijing's new import quotas announced last week. The volume is small relative to 2025 exports, but the industry fears sales disruptions amid the broader safeguard measures affecting major exporters like Argentina and Australia.
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Nigeria's 2025 Tax Act promises to reshape the agribusiness sector by enabling multinational expansion. This new legislation focuses on creating opportunities for growth in agriculture-related businesses.