GIEWS > Data & Tools > Earth Observation
GIEWS - Global Information and Early Warning System

Country Briefs

  Argentina

Reference Date: 23-October-2017

HIGHLIGHTS

  1. Cereal production in 2017 expected to reach all-time high

  2. Maize exports in 2017/18 marketing year forecast at record level

  3. Yellow maize and wheat prices relatively declined in September

Cereal production in 2017 expected to reach all-time high

Due to unprecedented sowing levels of maize and wheat, cereal output in 2017 is expected to reach some 75.6 million tonnes, a record level. This is the third consecutive year of record crop outputs for both crops. Most of the increase in output reflects a record maize harvest of 49.5 million tonnes. The weak local currency has made Argentinian maize quotations, in US dollars, more competitive in the international markets, resulting in strong export demand. The wheat crop, to be harvested from late November, is expected to reach some 19 million tonnes, reflecting record sowings as a response to strong export demand.

Maize exports in 2017/18 marketing year forecast at record level

Reflecting the record 2017 maize output as well as competitive domestic prices in US dollar terms, maize exports in the 2017/18 marketing year (March/February) are forecast to reach record 29 million tonnes. Ample supplies from the recent harvest and high regional demand are expected to drive wheat exports for the 2016/17 marketing year (December/November) to 21.5 million tonnes, 13 percent above last year’s high level.

Yellow maize and wheat prices moderately declined in September

Prices of wheat declined some 7 percent in September on expectations of good 2017 outputs and ample availabilities from last year’s bumper crop. However, despite the recent declines, domestic prices of wheat remained higher than a year earlier because of strong export demand. The 2017 bumper harvests and the relatively low prices in the international market continued to weigh on yellow maize prices in September and kept them generally below their values a year earlier.

Disclaimer: The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of FAO concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.