The incredible rally of the Argentine corn exports
The weekly RIA Consultores’ report shows this week that during the first half of the year, Argentina exported 17.1 million metric tons of corn, 44% up 2018 in volume and 32% up in value. This amazing growth is based on a 57 MMT record harvest and on bullish prices. According to the Agro-Industry Secretariat, during the 2018/19 campaign corn production peaked at 57 MMT, which 34 MMT will be exported and 9 MMT will remain as carryover for the next season. This week the International Grains Council stressed…
Argentina: A seemingly unending line of trucks in the ports due to a record harvest
It is proving to be a record harvest which should be around the 140 million tons of grains, a rise of 24% compared to the past agricultural cycle affected by a drought, and thus a barrage of trucks to the ports of the Rosario, which is the largest agro-industrial port and exporter of grains and by-products has begun. According to official estimates, these exports should contribute more than USD 25 billion to the economy. In addition, it is estimated that this increase in production will represent a positive…
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…
Grain exports booming in Argentina
Wheat sales climbed 105 percent higher while corn rose 84 percent in ‘atypical’ months Argentine farm exports rocketed 68 percent higher in the first quarter compared to the same 2015 period, thanks to new policies that prompted growers to sell stockpiles built up under the previous administration, the government said yesterday. The surge in shipments from the grains powerhouse will likely weigh on global food prices, which are near a seven-year low and expected to fall farther due to slowing growth in…
Argentine Grain Exports are well up on past years
ARGENTINE GRAIN EXPORTS Argentine grain exports are up this year which is good news for the Let’s Change (Cambiemos) administration yesterday, as the grain sales abroad soared by 49.9 percent on the weekly comparison according to the latest data from the CIARA-CEC grain exporting chambers. The results look even better in the yearly comparison, showing a 104.3 percent improvement. Grain exports are a key source of dollars for the country, increasing the amount of foreign currency supply in local currency markets…
