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On December 17th, 2015, the government of Argentina removed currency controls and eliminated the multiple exchange rate system.
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.
The victory of President-elect Maurcio Macri on November 22nd, has lifted producer expectations and will likely have a significant impact domestically and in international markets.
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.