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Post lowers marketing year (MY) 2023/2024 production to 49.5 million metric tons (MMT), still nearly double last year’s crop, based on a stretch of dry and hot weather in the major production areas despite previous ideal rains following planting.
Argentine beef exports in 2024 are projected up at 920,000 tons carcass weight equivalent, 20,000 tons higher than USDA official.
Argentine bioethanol production in 2018 is forecast at 1.12 billion liters.