Argentina: What is expected for the 2023 grain market, according to the Rosario Stock Exchange?

게시됨 2023년 1월 1일

Tridge 요약

The Rosario Stock Exchange has forecasted a decrease in the supply of grains for the 2022/23 campaign due to unfavorable weather conditions and increased production costs. Winter cereal production is expected to be the hardest hit, with a 9% drop in planted area and a 20% decrease in total production. Summer crop planting has also been affected, leading to historical minimum sowings of early corn. The total sowing coverage is projected to be 39.3 M ha, 2% lower than the previous year, resulting in a total production of 117.7 million tons, the lowest since the 2017/18 campaign. Demand for main grains is expected to decrease in farm use and consumption, while industrial use and oilseed crush are forecasted to remain stable or increase slightly, and cereal processing is expected to decrease by 4%.

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원본 콘텐츠

In the midst of great uncertainty, the following report from the Rosario Stock Exchange presents a statistical projection of the supply and demand of grains for the 2022/23 campaign: Regarding winter cereals, the 2022/23 campaign had to deal with unfavorable prospects from the start: in the first instance, the costs of fertilizers skyrocketed due to the Russian-Ukrainian conflict and, despite the fact that the prices of grains in general and of cereals in particular also reacted to the rise, the margins for producers were tighter than previous years when planting was considered. Secondly, the autumn rains were less than usual, affecting the humidity profiles to advance with the work. As the year progressed, the dry pulse spread and the vast majority of winter cereals did not receive enough water at critical grain filling moments, seriously affecting production. On top of this, late frosts were added, averaging spring in a good part of the national territory, which ended up giving ...

출처: On24