Another gap: they calculate that Argentina could export more than US$5 billion extra with soybeans if it closed the gap with Brazil

Closing gaps in soybeans between Argentina and Brazil alone could increase exports by more than US$5 billion. This data was provided by the Rosario Stock Exchange (BCR), which compared the grain yield between both countries. “If we go forward 20 years in time and take the average yield of the 2018/19-2022/23 campaigns, we obtain practically the same number: 2.71 tons of soybeans per hectare. Carrying out the same analysis for Brazil, we find a yield of 2.77 tons per hectare at the beginning of the last century. However, we will find that in the last two decades the soybean yield in Brazil has become 3.43 tons per hectare in its latest campaigns,” they noted. They highlighted that, while average soybean yields in Brazil grew 24% in the last 20 years, those in Argentina have remained relatively stagnant. “Moreover, the data from this analysis considers the exceptional 2022/23 harvest, which was a productive disaster for Argentina and the best harvest in the history of Brazil. ...