Bales with passport: alfalfa exports, a green sprout that takes color from Córdoba, Argentina

Published 2021년 2월 13일

Tridge summary

Argentina's alfalfa exports have seen a significant increase in the last few years, with the country exporting a record 120,000 tons in 2020, nearly double the 2017 figures. The export earnings for the year were $34.6 million. The Argentine Alfalfa Chamber, with its base in Córdoba, the country's largest alfalfa-producing region, is actively working to further grow the sector. The main markets for Argentine alfalfa are Chile and other Latin American countries for flours and pellets, while the UAE, Saudi Arabia, and Qatar are the main importers of bales. The high international prices and the government's decision to eliminate withholdings are positive for the industry. However, the industry faces challenges such as the need for better storage and timing of cuts.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Alfalfa growers are cautious and prefer to look at the half-empty glass or the darkest part of the leaf, in this case. The incidence of Argentine exports worldwide is negligible: within a global market that moves more than eight million tons per year, it was only in the last two years that local shipments managed to overcome the barrier of 100,000 tons. However, this figure is a photo that shows a film that has been constantly on the rise in recent years and that reflects the opportunity that the country has to become an actor with a greater role in the trade of one of the main forage species. The green sprout (the glass half full) is that, according to Indec data, between the categories "flours and pellets" and "plants, roots and fodder products" (this segment includes hay), last year Argentina exported 120 thousand tons of alfalfa products, which brought to the country 34.6 million dollars. Both figures are record: the previous maximum, corresponding to 2019, was 105 thousand ...
Source: ARAgrovoz

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