Soy production: Argentina no longer among the top 3 exporters

게시됨 2023년 3월 15일

Tridge 요약

The US Department of Agriculture (USDA) has lowered its global soybean yield forecast for 2022/23 to 375 million tons, a decrease of nearly 8 million tons from the previous month, primarily due to reduced production expectations in Argentina. The drought and heatwave in the country have led to a production forecast of around 33 million tons, marking a significant decrease from the February estimate. The report also indicates a decrease in global consumption and export estimates, with China's consumption forecast being revised downwards. The USDA also anticipates increased ending stocks in Argentina and Brazil, while US stocks are expected to decrease. The update also highlights increased export prospects for Brazil, potentially making it the world's largest exporter, pushing Argentina into third place.

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원본 콘텐츠

03/15/2023 | 16:18:00 | ID: 35775 | Department: Agriculture | agricultural economics Berlin (agrar-PR) - The country's yield forecast has again been sharply reduced, thus also depressing consumption and export estimates. In its latest report for 2022/23, the US Department of Agriculture USDA expects a global soybean harvest of 375 million tons. That would be almost 8 million t less than expected in the previous month, but 17 million t more than 2021/22. The reduction in the estimate compared to February is mainly due to the drastically reduced forecast for Argentine production. The country has been struggling with the persistent drought and heat for several weeks, which further reduces the yield prospects. In Argentina, for example, only around 33 million tons of soybeans are likely to be harvested, 8 million tons or almost a fifth less than expected in February. For other important producing countries such as Brazil, the USA or India, the ministry is sticking to the forecast from ...

출처: Agrar