Argentina will increase corn exports by almost one and a half times

Maize (Corn)
Grains, Cereal & Legumes
Market & Price Trends
Published Mar 1, 2024

Tridge summary

Argentina is set to see a 53% increase in corn exports this agricultural year, reaching an estimated 41 million tons, according to the Rosario Grain Exchange and the US Department of Agriculture. This surge is attributed to a record harvest of 57 million tons following recovery from drought and late frosts. However, despite the rise in exports, profits for Argentine corn exporters are projected to increase by only 20% from the previous season.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In the current agricultural year, corn exports from Argentina should increase by 53 percent from last year, Nasdaq reports, citing the forecast of analysts at the Rosario Grain Exchange. Analysts do not provide exact figures on supply volumes. According to estimates by the US Department of Agriculture (publishes data and estimates on agricultural indicators not only in the United States, but also in other large agricultural countries - ROSNG), they will amount to 41 million tons. However, profits for Argentine corn exporters will be much lower than expected. According to stock exchange analysts, its value should increase by only 20 percent from the last agricultural season - to almost $7.66 billion. Read also Brazil can maintain its leadership in the global corn market The increase in crop exports will be facilitated by its record harvest this year, which experts estimate at 57 million tons. Previously, other analysts cited slightly lower figures. For ...
Source: Rosng
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