Argentina's grains exports fall 41.1% in 2023, to 57.8 million tons

Published 2024년 1월 5일

Tridge summary

Argentine exports of grains and derivatives dropped by 41.1% in 2023 compared to 2022, totaling 57.8 million tons, the lowest level since 2009. This decrease is attributed to three consecutive years of below-average rainfall, leading to a drop in grain production of almost 38% to around 83 million tons. The revenue generated from these exports in 2023 was US$19.742 billion, a 51% drop compared to 2022 and the lowest value in 15 years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

São Paulo, 01/05/2024 - Argentine exports of grains and derivatives totaled 57.8 million tons last year, the Rosario Commerce Exchange said in a statement. The volume represents a drop of 41.1% compared to 2022 (98.1 million tons) and the lowest level since 2009, when 52 million tons were shipped. In the last four years, Argentina's exports exceeded 90 million tons. According to the exchange, the 2023 performance is a reflection of three consecutive years of below-average rainfall, which led grain production in 2022/23 to fall by almost 38%, to around 83 million tons. Exports from the soybean complex totaled 23.6 million tons in 2023, a drop of 39% compared to the previous year. Shipments of the corn complex fell 33% in the same comparison, to 24.3 million tons, while those of wheat decreased 76%, to 3.6 million tons. ...

Source: Broadcast