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Improved weather forecasts are expected to lead to recoveries in grain production in Argentina. However, continued dry conditions are projected to limit planting of wheat and rice.
Post estimates MY 2022/2023 soybean production at 21.25 million metric tons (MMT), 3.75 MMT below the official USDA estimate on lower than expected yields.
Sugar production for marketing year 2020/2021 is forecast at 1.78 million tons (raw value), a moderate increase from last year on stable acreage.
In 2019, Argentina granted conditional approval for a record nine biotech events including the first Chinese-developed soybean event developed and field-tested under a joint venture...
Argentine imports of consumer-oriented food and beverages in 2020 are projected to remain at 2019 levels, thanks to continuing economic uncertainty, weak consumer spending, and...
Wheat production for 2020/2021 is projected at a record 20.2 million tons on a 2 percent area increase with exports of 13.4 million tons (including wheat flour), the second largest in history.
Post projects a decline of 500,000 hectares in soybean planted area and production of 51 million tons for marketing year 2020/2021 on higher export taxes for soybeans and products.