Regional agricultural production provides a favorable scenario for the export of Paraguayan grains

Published Mar 6, 2023

Tridge summary

Argentina's national soybean campaign is projected to fall short of expected volumes, leading to a potential increase in export spaces for Paraguayan soybeans. Hernán Fernández, a financial adviser to agricultural companies in Argentina, highlighted Paraguay's opportunity to compensate for Argentina's production shortfall and meet demand in Rosario due to a expected soybean shortage. However, Brazil's large sowing areas are expected to yield a significant production, which could impact Paraguay's export opportunities. Fernández emphasized that Paraguay's export prices need to remain competitive to capitalize on this business opportunity.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Despite the fact that this national soybean campaign will not be able to reach the projected volumes during sowing, producers are expecting the yield they can obtain at the country level and take advantage of export spaces in the face of regional production affected by the weather. The commercial and financial adviser to agricultural companies that operate in Argentina, Hernán Fernández, mentioned to Valor Agro that Paraguayan soybeans "are a very important player" in the global grain market, because the country expects to obtain a very good production in relation to to Argentina and Uruguay. Fernández said that in Argentina there is talk of a hit in production, since last season it planted 43 million tons and currently estimates that it will not exceed 33 million tons. "There are 10 million tons less that represent a blow to Argentine production with a campaign to forget," he said. After the situation of the Argentine production, the professional reiterated that the favorable ...
Source: Elagro

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