India signs agriculture pact with Argentina

by Dave

Last month, I filmed the farm equipment pavilion – see below, at the La Rural agro fair in Buenos Aires. The scale, size and variety of the locally-developed machines attests to the high-tech nature of farming in Argentina, and neighboring Uruguay, Paraguay and Brazil.

Farm Equipment on Display at the Argentina La Rural Trade Fair

Yahoo! India News

India has signed an agreement with Argentina on conducting research in agriculture and other allied sectors, in line with its plans to tap natural and other resources in South America to boost its food security.

Agriculture Minister Sharad Pawar signed a memorandum of understanding on cooperation in agriculture and allied sectors with his Argentine counterpart Julian Andres Dominguez here this weekend.Pawar is on a two-week long visit to Argentina, Brazil and Mexico to study the best practices in agriculture in these countries.

The South American countries have overtaken the US in soya production, accounting for 50 percent of global production. India this April replaced China as the biggest importer of Argentine soybean oil. Argentina is the world’s largest exporter of sunflower and soybean oil; world’s second largest exporter of corn; and world’s third largest producer soybeans.

‘The memorandum of understanding provides a framework for exchange of information on best practices and technologies, cooperation in research and development and promotion of trade, investment and joint ventures,’ said an official release. India is looking to replicate the success of Argentina in turning agriculture into a high-technology sector.

The Indian delegation led by Pawar will also explore the possibility of increasing the supply of edible oil and pulses to the subcontinent as domestic output has not been able to meet galloping demand.

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