5/11/2015

Argentina's speedy soy harvest weighs on world food prices

Argentina's soy harvest progressed by a brisk 12 percentage points over the last week, propelling the agricultural powerhouse toward a record crop that has already helped drag world food prices to a near five-year low. The world's top exporter of soymeal livestock feed expects a 59 million-tonne harvest this season, blowing past the record 53.4 million tonnes collected in the 2013/14 crop year.