Argentina's agricultural exports will increase by US$ 6,400 million in 2019

​Agricultural exports would reach US$ 28,000 million in 2019, increasing US$ 4,800 million year-on-year. Furthermore, given the expected fall of soybean imports in 2019, agrobusiness contribution would totalize US$ 6,400 million.

Source: http://www.bcr.com.ar/eng/informativosemanal_Noticias.aspx?pIdNoticia=186

Most of the crops in Argentina suffered severe cuts last season due to the drought that affected the country. As a result, the recovery of the sector in the current season will have a major positive impact on the country's level of activity as well as on foreign currency income.

Agricultural exports in 2019 – including soybeans and its by-products, corn (grain), wheat (grain and meal), sunflower and barley - would account for US$ 28,000 million. This projection is based on shipments schedules and FOB prices. The soybean complex exports – beans, soyoil, soymeal and biodiesel – would account for US$ 18,364 million while the exports of other agricultural products add up US$ 9,629 million.

Projected exports would be more than US$ 4,500 million above 2018 exports. Moreover, given the expected fall of soybean imports in 2019, the complex's contribution would totalize US$ 6,400 million.

Based on a monthly analysis, the exports in 2019 would overcome last year's exports in almost every month. From January to March, wheat, barley and soybeans by-products will support agricultural exports. From June to August, corn is likely to lead Argentine exports. Last year, second-crop corn was critically damaged by the drought; therefore, this season's second-crop shipments will make a great difference. Nevertheless, corn FOB prices in the current marketing year are 6% below last season. Between April, May and June, soybean shipments will underpin Argentine exports.

SAPEI - Control Service S.R.L. (c) 2019

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