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Argentina will cut export taxes on major agricultural commodities, effective January 27, 2025, on key crops including soybeans, corn, and wheat.
Wheat production in marketing year (MY) 2024/25 is estimated at 18.1 tons, higher on a larger area. Exports remain unchanged, with Brazil expected to be quite active.
Post maintains the previous forecast for marketing year (MY) 2024/25 for Argentina's soybean production at 52 million metric tons (MMT), consistent with the USDA's official estimate.
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.
Argentine beef exports in 2015 are forecast at 210,000 tons carcass wt equivalent, an increase from the 2014 estimate, but still an insignificant volume for what Argentina has historically exported.
Argentine 2015 broiler production is expected to reach a new record high of 2.15 million metric tons (MMT), in response to increasing Russian demand.