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Rice export prices remain unchanged at high levels due mainly to new inquiries for immediate shipments driven by the coronavirus outbreaks.
Rice export prices further increased 2-4 percent to a six-year record high due to a continued surge in domestic rice paddy prices that offset the weakening of the Thai baht.
MY2020/21 rice and corn production are expected to recover to record levels following lower production levels in MY2019/20 caused by adverse weather conditions and pest outbreaks.
Rice export prices spiked 6-7 percent due to a strong demand for white and parboiled rice to fulfill contracted shipments, mainly to African countries.
Argentine beef exports in 2020 are projected down at 640,000 tons carcass weight equivalent as lower prices and animal and human health issues generate negative trade dynamics.
On Wednesday, March 4, 2020 the Government of Argentina announced adjustments to its export tax regime.
Rice export prices increased 1 to 2 percent due to tighter supplies of white paddy rice and the strengthening of the Thai baht.
2019/20 Soybean production forecast is raised to 54.1 Million Metric Tons (MMT), up 1.1 MMT from December, on positive growing conditions for first crop soybeans across Argentina.