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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.
Post estimates Argentine wheat production for 2016/17 at 14.4 million tons, and exports at 8.3 million tons, both very similar to USDA.
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...
Argentine beef exports are projected to increase in 2017 to 240,000 tons carcass weight equivalent. This is a marginal increase and still very low compared to Argentina’s historic export performance.