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Argentina’s grain harvest suffers under worst drought in 60 years

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Argentina’s grain harvest suffers under worst drought in 60 years

Already struggling underneath spiralling inflation, the South American nation faces a decline in grain, its principal export.

A historic drought ravaging Argentina’s crops has deepened the grain-exporting large’s financial disaster, heightening default fears and placing in danger targets agreed on with the Worldwide Financial Fund (IMF).

The South American nation, the world’s prime exporter of processed soy and number-three supply of corn, is within the grip of its worst drought in additional than 60 years, which has led to repeated sharp cuts to reap forecasts.

These forecasts had been decreased once more on Thursday by the Buenos Aires grain alternate after the Rosario alternate slashed its soy manufacturing outlook to 27 million tonnes, the bottom because the flip of the century, when far much less of the crop was planted.

A farm’s crops, seen on February 8, flip dry amid a historic lack of rainfall within the northern Argentinian metropolis of Tostado [File: Miguel Lo Bianco/Reuters]

“We face an unprecedented climatic occasion,” Julio Calzada, the pinnacle of financial analysis for the Rosario alternate, instructed Reuters.

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He added that farmers, notably within the fertile Pampas area, had been dealing with losses of $14bn, with their output anticipated to be about 50 million tonnes much less for crops of soy, corn and wheat.

“It’s unprecedented that the three crops fail. We’re all ready for it to rain,” he added.

The drought is a big blow for Argentina. As normal elections strategy in October, the nation is already contending with 99-percent inflation and a wall of native and worldwide debt repayments to bondholders and the IMF.

A cow lies on the ground, as a farmer pours a plastic tub of water into its mouth
Farmer Gustavo Giailevra, 63, provides water to a cow on February 9, as Argentina suffers from drought circumstances [File: Miguel Lo Bianco/Reuters]

Grain is the nation’s principal export and the faltering crops are stalling plans to rebuild Argentina’s depleted overseas foreign money reserves.

This, in flip, has prompted talks with the IMF to ease reserve accumulation targets for the yr. Analysts have additionally reduce the outlook for the nation’s gross home product (GDP).

“The state of affairs is dramatic,” stated Luis Zubizarreta, head of the chamber for business ports and the soybean business affiliation. “It impacts the nation’s whole financial state of affairs and the revenue of overseas foreign money at a really vital second for Argentina.”

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He added the move of grains at ports was at traditionally low ranges “as a result of there is no such thing as a merchandise”.

The drought affecting Argentinian farmers, which has been exacerbated by excessive temperatures linked to local weather change, goes again in some areas to Might 2022. The nation has suffered not less than eight warmth waves within the 2022–2023 season.

The grain exchanges have warned that soy and corn forecasts might fall even additional if no rains come. The Rosario alternate’s soy forecast is already on the lowest because the 1999–2000 season and the anticipated yield is the worst since 1996–1997.

“From what we anticipated on the [start of the campaign] to immediately’s state of affairs, I don’t know if we are going to produce half of it,” stated Miguel Calvo, a soybean farmer in central Cordoba province.

“I assumed all evils had been over and these final eight to 10 days have been the coup de grace as a result of warmth and lack of rain.”

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Beyoncé NFL Halftime Show Will Be Available to Rewatch on Netflix as a Stand-Alone Special

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Beyoncé NFL Halftime Show Will Be Available to Rewatch on Netflix as a Stand-Alone Special

UPDATE, 12/25, 4:30 p.m. PT: Netflix said it will provide on-demand access to the full halftime performance of “Beyoncé Bowl” as a stand-alone special “later this week.” The 20-minute spectacle — her first live TV performance in four years — featured Post Malone, Shaboozey and her daughter Blue Ivy Carter to debut tracks from “Cowboy Carter” for the first time in a live setting.

EARLIER:

Beyoncé will light up the Houston night on Christmas with a halftime performance during the Ravens-Texans game on Netflix. To watch it, you’ll have to tune in live on Dec. 25 — otherwise, you’ll have only a few hours to catch the replay on Netflix.

Queen Bey’s Xmas performance will feature her first live performances of songs from “Cowboy Carter.” She’ll take the stage in her hometown during halftime of the Baltimore Ravens-Houston Texans matchup at NRG Stadium in Houston.

Netflix, as part of its accelerating push into live sports, snagged global rights to the NFL’s two Christmas Day 2024 games: the Kansas City Chiefs at the Pittsburgh Steelers (starting at 1 p.m. ET), followed by the Ravens-Texans game (4:30 p.m. ET).

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Under Netflix’s agreement with the NFL, in the U.S., the two Christmas games expire three hours after the livestream ends (meaning Beyoncé’s performance and the Ravens-Texans game will no longer be available to rewatch on Netflix as of around 11 p.m. ET). Outside the U.S., the games expire on Netflix 24 hours after the livestream ends. The NFL livestreams will include ad breaks, even for Netflix subscribers on no-ads plans.

Few details are available for Beyoncé’s Christmas halftime show, but according to Netflix she is expected to bring along some “special guests” who are featured on “Cowboy Carter.” She’s a veteran of two Super Bowls: Beyoncé was the halftime performer for the 2013 game in New Orleans, which featured a Destiny’s Child reunion; and in 2016, she sang “Formation” when Coldplay was the headliner act.

On Christmas Day, Netflix’s pregame coverage will kick off at 11 a.m. ET, from NFL Network’s studios in L.A. and Acrisure Stadium in Pittsburgh. The streamer has tapped Mariah Carey to deliver a recorded performance of her record-breaking holiday hit “All I Want for Christmas Is You” before both of the day’s two games.

If you missed the window for Netflix’s NFL livestreams, you still have the chance to catch the reruns. As it stands right now, NFL Network is scheduled to re-air Ravens-Texans on Wednesday, Dec. 25, at 11:30 p.m. ET and Thursday, Dec. 26, at 5 a.m. ET. The channel will re-air Chiefs-Steelers on Dec. 25 at 8:30 p.m. ET and Dec. 26 at 2 a.m. ET. There is the possibility for additional re-airs but portions of the NFL Network’s programming schedule are still being determined. In addition, replays of both games will be available with NFL+ Premium ($14.99/month) in the U.S. and via DAZN internationally.

Note also that the two Netflix Christmas Day games will air on broadcast TV in the competing teams’ local markets and will be available live on U.S. mobile devices with an NFL+ subscription.

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Zelenskyy lambastes Putin over Christmas strikes: 'What could be more inhumane?'

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Zelenskyy lambastes Putin over Christmas strikes: 'What could be more inhumane?'

Ukrainian President Volodymyr Zelenskyy excoriated Russian President Vladimir Putin on Wednesday for launching attacks against energy infrastructure on Christmas Day.

Zelenskyy suggested the attacks were “inhumane,” but said they would not ruin Christmas.

“Today, Putin deliberately chose Christmas for an attack. What could be more inhumane? Over 70 missiles, including ballistic ones, and more than a hundred attack drones. The targets are our energy infrastructure. They continue to fight for a blackout in Ukraine,” he declared in a post on X.

The Russian Defence Ministry acknowledged a “massive strike” on its part, saying it hit energy facilities that supported Ukraine’s “military-industrial complex,” Reuters reported.

“The aim of the strike was achieved. All facilities have been hit,” the ministry said.

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RUSSIA BATTERS UKRAINE POWER GRID AMID RISING CONCERN PUTIN COULD ORDER BALLISTIC MISSILE ATTACK THIS WEEKEND

Ukrainian President Volodymyr Zelenskyy talks with the media during the European Council Meeting in Brussels on Thursday. (Pier Marco Tacca/Getty Images)

Strikes against Ukrainian fuel and energy sources involved 78 air, ground and sea-launched missiles, in addition to 106 Shaheds and other kinds of drones, Ukraine’s air force claimed, according to The Associated Press.

“Unfortunately, there have been hits. As of now, there are power outages in several regions. Power engineers are working to restore power supply as soon as possible,” Zelenskyy noted. 

Still, the Ukrainian leader declared that “Russian evil will not break Ukraine and will not spoil Christmas.”

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US CITIZEN IMPRISONED IN RUSSIA GIVEN NEW 15-YEAR SENTENCE IN WAKE OF ESPIONAGE CONVICTION

Russian President Vladimir Putin

Russian President Vladimir Putin holds his annual end-of-year press conference in Moscow on Thursday. (Alexander Nemenov/AFP via Getty Images)

The U.S. has provided billions of dollars’ worth of aid to help Ukraine fight the Russian onslaught that erupted in 2022, but Americans and their congressional representatives have been divided regarding whether the U.S. should continue supplying aid to Ukraine.

President-elect Trump, who will take office on Jan. 20, has called for a cease-fire and negotiations.

TRUMP MEETS WITH MACRON, ZELENSKYY AHEAD OF NOTRE DAME REOPENING CEREMONY IN PARIS

President-elect Trump

President-elect Trump looks on during Turning Point USA’s AmericaFest at the Phoenix Convention Center in Phoenix on Sunday.  (Rebecca Noble/Getty Images)

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In a post on Truth Social this month, Trump declared that “Zelenskyy and Ukraine would like to make a deal and stop the madness. They have ridiculously lost 400,000 soldiers, and many more civilians. There should be an immediate ceasefire and negotiations should begin.”

The Associated Press and Reuters contributed to this report.

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Five journalists killed in Israeli strike near Gaza hospital

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Five journalists killed in Israeli strike near Gaza hospital

Journalists from Al-Quds Today were covering events at al-Awda Hospital when their vehicle was struck.

Five journalists have been killed in an Israeli strike in the vicinity of a hospital in central Gaza, according to Palestinian authorities and media reports.

The journalists from the Al-Quds Today channel were covering events near al-Awda Hospital, located in the Nuseirat refugee camp, when their broadcasting van was hit by an Israeli air strike, Al Jazeera’s Anas al-Sharif reported early on Thursday morning.

Footage from the scene circulating on social media shows a vehicle engulfed in flames.

A screenshot taken from a video of the white-coloured van shows the word “press” in large red lettering across the back of the vehicle.

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The deceased journalists have been named as Fadi Hassouna, Ibrahim al-Sheikh Ali, Mohammed al-Ladah, Faisal Abu al-Qumsan and Ayman al-Jadi.

Al Jazeera’s Anas al-Sharif said that Ayman al-Jadi had been waiting for his wife in front of the hospital while she was in labour to give birth to their first child.

Civil defence teams retrieved the bodies of the victims and extinguished a fire at the scene, the Quds News Network said.

There was no immediate comment from Israeli authorities.

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The Committee to Protect Journalists (CPJ) earlier this month condemned Israel’s killing of four Palestinian journalists in the space of a week, calling on the international community to hold the country accountable for its attacks against the media.

At least 141 journalists have been killed in Israel’s war in Gaza since October 7, 2023, according to the CPJ.

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