Argentina: Shipments of grains grow 19%, but those of oils and by-products fall; Asia ranks as main destination
Argentina
Published Jul 25, 2022
Tridge summary
Argentina shipped a total of 51.2 Mt of grains, by-products and oils during the first half of the year, 6% more than in the same period of 2021, according to the latest report from analysts at the Rosario Stock Exchange, Tomás Rodríguez Zurro and Julio Calzada. The increase was explained, fundamentally, by the greater dispatch of grains, since between January and June 32.7 Mt were shipped, 19% more than the volume reached in the first six months of the previous year.
Original content
This was due to the shipments of wheat, in the first place; of barley, in second place, and the maintenance of corn, in third place. However, oils added 3 Mt, denoting a considerable drop compared to the first half of 2021, while shipments of by-products reached 15.5 Mt, also showing a cut vs. 2021 but to a lesser extent. According to the BCR report, the greater wheat production of the last campaign has left a record exportable balance for the cereal, which is reflected in the total shipments during the first semester. Shipments reached 11.2 Mt between January and June, almost 80% more than in the same period of 2021. In addition, given that in 2021/22 the production of winter grain in the central and northern region of the country was very good ( unlike the previous cycle 2020/21) and that the level of the Paraná River was recovering from February onwards, wheat shipments from the Up-River ports doubled between one year and the next: in the first half of 2022 they reached 6.6 Mt ...
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