Argentine wheat exports should reach 12 million tons in the 2021/22 winter harvest, according to a new estimate released by the Buenos Aires Cereals Exchange. If confirmed, the volume, the highest since 2016/17, will be 26.3% above this season's production.
Corn production in Argentina is likely to drop to 48 million tons in 2020-21 from 50 million tons in 2019-20, the US Department of Agriculture's Foreign Agricultural Service in Buenos Aires said in a report released on Thursday.
Ships transporting cargo from Argentina's Rosario grain hub through the Parana River are having to reduce their cargoes after a bank collapse obstructed the navigation channel, exporters have revealed.
Argentina’s peso fell 1.8% on Monday to 45.49 per U.S. dollar due to uncertainty over the country’s presidential election and the fallout from U.S.-China trade tensions, traders said.
Argentina's clash with Uruguay over the Botnia/UPM pulp mill has led to furious retaliations from Buenos Aires severely limiting trade and not allowing Argentine exporters to make use of the port of Montevideo for transshipment.
The US dollar in Buenos Aires reached on Tuesday 10 Argentine Pesos (buying price) and 10.05 pesos (selling price) in the informal market, 15 cents higher compared to its last closing price, pushed by the tourist sector, and as the government crackdown on the so called city “exchange caves” eased up.
Argentina trade surplus in the first half of the year reached 7.336 billion dollars, up 26.8% over the same period a year ago, with exports reaching 39.647bn dollars and imports 32.311bn, according to the official stats office Indec.