Argentina: Exports of 13.3 Mt of wheat are projected for the 2024/25 campaign

Argentina's wheat exports could reach the second highest record in history after 2 campaigns frustrated by weather problems. Russia enters fully into the international market and the IGC updated its estimates of global O&D. 1. Argentina's wheat exports for the 2024/25 campaign could be the second largest in history. Despite the cut in production estimates made by GEA-BCR at the beginning of this month, which brought the forecast to 19.5 Mt, the projections for wheat exports during the 2024/25 campaign indicate that the second largest volume in history could be reached. According to our own estimates (Department of Information and Economic Studies of the BCR), 13.3 Mt could be sold in the external market, only behind the 15.4 Mt of the 2021/22 campaign that had a record harvest. However, everything will depend on the final production figures, the level of domestic sales and Argentina's competitiveness in the international market. In this way, exports could once again break the 10 ...