Argentina’s soybean crop forecasts increase to 53.1 million tons on favourable moisture conditions

Last years 2018/19 harvest was affected by a cruel drought which with along a very strong US dollar, damaged the Argentine economy, making it easier for the left-wing Peronist/Kirchner government to return to power. This year it is a normal harvest but too late to help the struggling economy. Argentina’s soybean harvest for the 2019/20 season is forecast at 53.1 million tonnes, the Buenos Aires grains exchange said last week, an improvement from a prediction it made towards the end of last year. The forecast…

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…
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