Argentina: Oilseeds and Products Update
The Argentine government announced it will delay a previously planned reduction of soybean export taxes until 2018, while implementing a new plan to bolster soybean production in the northern part of country. 2016/2017 soybean area harvested is revised down to 19.3 million hectares due to greater competition from alternative crops - corn and sunflower - and lower than expected wheat plantings. 2016/2017 sunflower area and production are left unchanged. 2016/2017 peanut production is expected to recover after a difficult 2015/2016 harvest. Post estimates peanut harvested area at 360,000 hectares, almost three percent higher than USDA’s official estimate.
