Argentina: They project growth in alfalfa exports for 2022

Published 2021년 11월 17일

Tridge summary

The forage value chain, which includes alfalfa and by-products, plans to increase its exports in 2022, even with the challenges of container shortages. In 2020, exports reached 120,000 tons and generated $38 million in revenue. The growth rate for exports has been 20% in the last five years, with shipments increasing from 30,000 to 120,000 tons. The main destinations for these products are China and the Arab markets, with Saudi Arabia, the United Arab Emirates, and Qatar being the main importers of bales, while Chile, Colombia, Panama, the Dominican Republic, and Uruguay are the main importers of flours and pellets. The export duties for this product were reduced from 9% to 5% and then eliminated, which has helped boost exports.

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Original content

The forage value chain plans to increase its exportable balances for next year, despite the logistical problems generated by the lack of containers. In 2020, exports of alfalfa and by-products totaled 120,000 tons and generated foreign exchange for USD38 million, according to the Argentine Alfalfa Chamber and for this year, they estimate that external sales will close over 100,000 tons. In 2019, 105,000 were exported, with a turnover of USD32.5 million and in Argentina, the area devoted to this crop covers about 3 million hectares. In dialogue with BAE Negocios, the head of the entity, José Brigante, explained that in the last five years, the annual growth rate for exports was 20%, with shipments that went from 30,000 to 120,000 tons. Globally, commercial operations in this area mobilize 8 million tons per year, with prices of USD340 per ton in alfalfa -which increased USD40 in the last five years- and USD280 for by-products. Until October, alfalfa sales reached 70,000 tons, a ...

Source: Baenegocios