Cordoba Stock Exchange in Argentina estimates 2019 will be the largest crop of corn in its history
The stock exchange stated that with 9,340,000 hectares sown, this campaign will produce 50 million tonnes of cereal, meaning there will at least 30 millions to export
Argentina would have in the 2018/2019 campaign the largest crop of maize in its history, which would represent an exportable balance of 30.5 million tonnes, according to estimates of The cereal Exchange of Cordoba (BCCBA).
The Agro Reports they publish on there website, stressed that based on expectations of this harvest “It would allow Argentina to overtake Brazil as second place in global exports “.
The report pointed out that maize currently covers 25% of the total area sown in Argentina, and represents almost 36% of grain production at the national level.
It also outlined that the changes in agricultural policies that occurred since December 2015, with the corresponding elimination of export duties and restrictions that existed on this crop, made their production more attractive. ( the earlier Kitchener administration punished exports with high super taxes
In this context, they pointed out that since then the sown area of cereals has increased considerably, which in the last four campaigns carries an increase of 55%, going from 6,030,000 hectares sown in the campaign 2014/15 to 9,340,000 in that of 2018/19.
In addition, this situation was accompanied by a greater investment in the use and application of inputs per hectare, where producers adopted plantations with a higher level of technology, thus increasing the production of the last four campaigns in a 47%, with an estimated volume of nearly 50 million tonnes for the current campaign.
They also mentioned that the 89% of world maize exports are concentrated in four countries: United states, Argentina, Brazil and the Ukraine, and that the province of Cordoba occupies an essential role since it represents the 38% of national production, and is located in the top ten of states with a higher production within these countries.
Source: El Clarin