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Wheat production in marketing year (MY) 2021-2022 is forecast at a record 20 million tons, and exports are projected at 13.5 million tons (including flour in its wheat equivalent), both unchanged from USDA’s official numbers.
Post lowers its MY 2021/22 projected planted area for soybeans to 17.0 million hectares. This reduction of 500,000 hectares will translate to total projected production of 49.7 million metric tons, 2.3 million metric tons below the USDA Official estimate.
Post revises 2018/2019 soybean production down slightly to 56 million tons based on lower planting area.
For 2018/2019, apple and pear production is forecast to increase over last year, despite lower planted area, but remain below historical levels.
Argentine dairy production continues to recover after massive industry consolidation and weather damage in 2016 and 2017.
Post forecasts wheat exports in marketing year (MY) 2018/19 at 13.6 million tons, 600,000 tons lower than USDA. Due to tighter supplies, Post estimates barley exports for 2017/18 at 2.5 million....
The Argentine government announced a plan to halve the number of Ministries which will bring the Ministry of Agroindustry under the Ministry of Production as a sub-secretariat.
Post forecasts 2019 chicken meat production to remain stable at 2.18 million metric tons.
For 2019, beef production is forecast to increase marginally to 3 million tons carcass weight equivalent.
For 2017/18, drought impacts continue to impact oilseed commodities.
Argentina’s raisin production is forecast to remain stable at 41,000 metric tons in CY 2019 due to an expectation of favorable weather conditions.
Argentine fuel ethanol production and consumption are forecast to increase to a record 1.15 billion liters in 2018 as the local industry expands in order to fulfill the official quota....