It was in the first three quarters of 2016 compared to the same period in 2015, the Argentine Ministry of Agroindustry reported during the Agricultural Perspectives Conference at the Buenos Aires Cereal Exchange.
Argentina is planting an additional one million of hectares with wheat this austral winter, taking the total area to 5.3 million hectares, spurred by the end of export duties and quotas, and a floating exchange rate, according to the Agro/Industry ministry in Buenos Aires.
Argentina's Agro-industry minister Ricardo Buryaile estimated the 2016/17 corn crop should reach 52.9 million tons, given a 20% increase in the area planted, which will be in detriment of soybeans. The last crop of corn, 2015/16, was 37.9 million dollars.
The Argentine government will issue bonds worth US$5 billion to be auctioned this week to pay back debt from imports during the previous Cristina Fernandez administration, according to a resolution published by the current government.
The Argentine football star Carlos Tevez, who played in England, Italy and is now back in Argentina caused a major uproar when during a television interview he said that in the northern province of Formosa he had come across poor people who were literally 'dead hungry'.