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In order to maintain soybean processing at normal levels, Argentina is importing US soybeans for the first time in over two decades.
For CY 2018, production of the two types of fresh deciduous fruit is forecast to decrease to 530,000 MT for apples and 530,000 MT for pears from official USDA estimates.
While MY2018/19 Argentine forecast for sugar production and consumption maintain stable levels, exports plummet to 150,000 tons (raw value), due to stagnant production and lower beginning stocks.
For marketing year 2018/19, Argentine wheat production is forecast at a historic high of 20 million tons driving record exports of 14.2 million tons.
Argentine sugar production for 2015/16 is projected up at 2.25 million metric tons.
Post forecasts Calendar Year (CY) 2016 grape production at 2.67 million metric tons (MMT) under normal weather conditions and maintaining the current good sanitary conditions of the vineyards.
Argentine wheat production for crop 2015/16 is forecast down at 12 million tons due to a projected smaller planted area.
Post forecasts 2015/16 soybean area at 20.3 million hectares, marginally lower than Post’s 2014/15 area estimate, though up 2.5 percent from USDA 2014/15 estimates.