Argentina: So far in 2023, 33 million fewer tons of grains, vegetable oils and by-products have been shipped

Published Oct 21, 2023

Tridge summary

Argentina experienced a significant decrease in grain production due to drought, leading to a 41% decrease in agroindustrial shipments in the first nine months of 2023 compared to the previous year. This decline was mainly driven by reductions in the shipment of wheat and corn. By-products and vegetable oils also experienced decreases in shipments, particularly soybean pellets and soybean oil.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The drought that impacted Argentina during the current campaign reduced grain production by 37% compared to the previous campaign, bringing it to a total of 83.8 Mt, according to its own estimates. As a consequence, taking into account that most of the harvest in our country is destined for export, it is not surprising that agroindustrial shipments have experienced a sharp drop in year-on-year comparison. During the first nine months of 2023, Argentina shipped a total of 44.6 Mt of grains, byproducts and oils, which represents a 41% decrease in agroindustrial shipments compared to the same period of the previous year. This collapse is mainly explained by a reduction in the shipment of grains: from January to September, 26.2 Mt were shipped, a decrease of 47% compared to the same period in 2022. Meanwhile, shipments of by-products and vegetable oils from Argentine ports were reduced by 31% and 19%, respectively. Opening the analysis to the interior of each of the categories, there ...

Source: Agrositio