• Provacuno 2024
    Anecoop Kaki 2024

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    Santander provides Azucarera with a preferential financing agreement for its farmers

    Banco Santander and Azucarera, the leading sugar producer in Spain, signed a collaboration agreement on 28th March, which will offer preferential financing conditions to beet growers contracted with this company, both in terms of short-term financing, through the advance of the harvest, and in medium and long-term financing, through the EIB Agro line, which allows the financing of farms up to 100% of the investments they make to improve their productivity, with from 5 to 12 years and with flexible quotas.

    UPA asks Tejerina to defend the beet producers of Montoro’s tax collection

    The Union of Small Farmers and Ranchers (UPA) has accused the Ministry of Finance and Public Service of proposing a tax on sugar with a desire to collect and without "minimally analyze" the impact that this tax will on the economy of the primary sector. For that reason, it has asked the Minister of Agriculture, Isabel García Tejerina, to "act with forcefulness" and intercede to defend the interests of the 6,000 beet Spanish producers of this "direct attack" by Minister Montoro.

    Global food prices down for fourth consecutive year

    The FAO index records that food prices stood at an average value below its November with the fall in international prices of all foodstuffs, including meat, dairy products and cereals, except in the case of sugar and oils. The year 2015 ends with almost 19% decline in prices compared to 2014, representing the fourth consecutive annual decline.

    The world sugar prices maintained their slight recovery

    The raw sugar futures market in New York climbed 18 December almost four percent, supported by increased cash purchases of that product, traders said. This result confirms the recovery in prices began in late August. The gap between demand lower production to consumption in the current season and the slight strengthening of the Brazilian real exchange rate against the US dollar They are the main causes, but the Rabobank report warns that the recovery is vulnerable to a possible currency devaluation in Brazil. Uncertainty also focuses on the negative impact of the weather in producing areas in the world.