Argentina: Argentina Agriculture Profile

Production of the 2015 maize crop is estimate to decline by some 8 % from last year’s record level but still remain well above the five-year average. With favourable crop conditions reported in mid-February, the year-on-year reduction in output is mainly due to reduced plantings, which are officially estimated at 5.5 million hectares, about 11 % lower than the record high of 2014. This reflects relatively low prices at planting time, as a result of ample domestic supplies next two consecutive years of bumper production.

 

Maize exports in the 2014/15 marketing time(March/February) are estimate to reach a record19 million tonnes. This mainly reflects this year’s high production and comparatively low export prices as a result of the strong depreciation of the Argentine currency.
Wheat exports estimate at three-year high in 2014/15 marketing time(December/November)

 

Wheat flour prices in January were at a 16-month low and well below their peaks a year before, mainly reflecting the arrival into the market of the 2014 good harvest, completed in December. Prices where almost 56 % below their level of January 2014. Similarly, yellow maize prices as well declined sharply in January and were some 9 % below their levels a year before. The sharp decline mainly reflects this year’s bumper crop.