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Argentine sugar production for marketing year 2019/20 is forecast stable at 1.68 million tons, raw value, with domestic consumption continuing its downward trend and exports forecast....
For marketing year 2019/20, wheat production is forecast at a record 20.4 million tons with exports expected at 14.5 million tons.
Post forecasts 2019/20 soybean production to fall by 3 percent to 53 million tons due to decreased area.
Argentina’s herd size, slaughter and stock numbers remain unchanged from 2018.
Production of all three types of citrus in MY 2014/2015 is estimated to rebound, as a result of good weather conditions and the recuperation of plants that had been previously affected by frosts.
Post forecast Argentina’s milk production for calendar year (CY) 2015 at 11.7 million tons, a three percent decrease from CY2014 USDA’s estimates.
Robust soybean planting in Cordoba province and smooth planting in the rest of the country are trending national production area towards the 2014/15 soybean forecast of 21 million hectares.
Post forecasts production at above normal levels as production rebounds following 2014 series of bad weather and to the natural lifecycle of plants.
Wheat production for 2014-15 is forecast at 12.5 million tons, 500,000 tons higher than USDA.
Post raises Argentine 2015 sugar production estimate to 2.05 million tons, a small increase from USDA’s number due to beneficial weather during harvest time.
2014/15 soybean production area is forecast at 21 million hectares, with production forecast at 57 million metric tons (mmt), based on commodity prices and currency hedging.
Argentina continues to be the third largest producer of biotech crops after the United States and Brazil, producing 14 percent of the world´s total biotech crops.