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Argentina’s 2019 wheat crop expected to be a record

Argentine farmers are expected to plant 6.5 million hectares of wheat in the 2019/20 season, the government said in a report, citing good rainfall as the reason for the increase from its previous forecast of 6.46 million hectares. “Good soil moisture conditions have favored planting,” the agriculture secretariat said in its monthly grains report. Wheat in Argentina is planted in June and July and harvested in December and January. Some 39% of this season’s wheat crop has been planted so far,…

43% of Argentine Agricultural Producers believe that the economy will be much better in 2020

Agricultural producers have expectations about the future of the country somewhat similar to those of last year, according to the entity CREA. ( farmers techinical support organisation ) The survey, conducted in March of 1,233 CREA agriculture entrepreneurs, highlighted that 43% considered that the country’s situation would be better in one year, while in 2018, 46% thought that. In the past year and a half, they reported, “there was a progressive decrease in expectations”, although at levels…

Argentina: After the USD dollar rally, they expect up to USD 25 billion from this years harvest

This was estimated by the Ministry of Finance. Soybean exports will be the main foreign exchange generators for up to USD 17,200 million of this the 25 billion. In the midst of the strong rise of the USD dollar, the Government stressed that in the coming months they expect foreign exchange for up to 25 billion dollars. Soybean exports will be the main foreign exchange generators for up to USD 17,200 million. Corn exports would reach USD 4,874 million in 2019 (calendar year), with a conservative view, and thus…

It is expected that Argentina’s Ag futures will grow 35% this year

A good sign for the Argentine farm economy: during the past January, the Buenos Aires Futures Exchange (MATBA) operated 3.2 million metric tons of grains futures, growing 14% versus January 2017 and beating a new record for this month reaching 60 MMT. In the previous years (2015 to 2017) MATBA operated between 1.5 and 1.9 MMT of futures contracts in January. The first large step occurred in 2018 when volume jumped to 2.8 MMT, but now the trend seems to secure and the wheat is the “star” crop. As…

Argentine winter crops bring fresh dollars to a weak economy

In January, oilseed industry and grain exporters entered USD 1,756 million into the Argentine economy, versus USD 1,040 million in December 2018. Some analysts celebrate this fact saying that thanks to better harvests of wheat and barley, export companies are enhancing the income of dollars into the Argentine economy. According to the press release of the Oilseed Industry Chamber (CIARA), this increase of export dollars is related to the purchase of these two winter crops by the exporters. In fact, 8,4 MMT…

Agri-business starts to lift the Argentine economy

SAN ANTONIO DE ARECO (ARGENTINA) (AFP) –  Federico Zerboni gazes out from his 4×4 as it rumbles across the pampas, fertile fields of rapeseed and soybean visible as far as the eye can see. An agri-business boom in Argentina, fueled largely by soybean and grain exports, has helped offset some of the pain of a bitter recession that forced President Mauricio Macri to call on the International Monetary Fund for a $56 USD billion bailout. Zerboni, 53, said his 6,000-hectare (14,800-acre) farm…

Adecoagro – One of the largest agricultural companies in South America

Adecoagro started operating in 2002 with the purchase of 74,000 hectares of land in Argentina and from then on they became one of the largest agricultural companies in South America. Adecoagro production is mainly focused on sugar and ethanol, but it is also producing soy, rice, corn, and dairy. The company’s main competitive advantages are its low production costs, clean ownership structure, varied land ownership, and strong valuation (stock price below book value). Your stock screener or data provider…

Argentine meat consumption is up but the mix has changed

 Sheep meat is now the least popular Patagonian lamb once considered worldwide as the crème de la crème in quality and taste is fading away as an option for local consumers to levels more in keeping with worldwide consumption. More than 50% of Argentine sheep breeds are now wool based. Per capita consumption of sheep meat is declining In Argentina this year the record of animal protein consumption was broken, with 118.4 kilos per capita per year. But while beef,…

Argentine Agriculture Comeback

After 10 years of heavy Government intervention, policies have changed and Argentine agriculture is coming back in full force. Governments around the world intervene in their agricultural sectors, and in times of high commodities prices, many countries before Argentina introduced export retentions and “windfall taxes” to natural resource industries aiming to ensure cheap food to locals. Yet by the end of two consecutive Cristina Kirchner government periods (2007-2015), the Argentine agricultural…

Argentine Economic reforms have more than doubled farm profitability

Argentine  Economic Reforms introduced by Argentina’s new government have “more than doubled” profitability prospects for farmers, said Adecoagro, the South American agricultural group in which George Soros is the biggest investor. The farm operator – which has more than 350,000 hectares planted with field crops and sugar cane – said that changes introduced by the administration of Mauricio Macri, who was elected Argentine president in December, “have and will continue…

💰 Argentine Agriculture will boost farm production up to 50%

Argentine Agriculture will boost farm production dramatically  Gustavo Grobocopatel, head of the  South American agro-business Grobo group anticipated that with the measures announced by the team of president elect Mauricio Macri  to be implemented from the 10 December, Argentine Agriculture is going to increase by 40% to 50%”, meaning more dollars for industry, jobs and services. The head of the group or King-Soy as he is known in Argentina said that the ”drop in export levies…
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