Argentina: Grain and Feed Annual
Wheat exports for 2017/18 are forecast at 10.5 million tons, slightly higher than the previous year. Despite an expected larger harvested area, Post expects lower yields than the previous highly productive season. Barley area for 2017/18 is forecast to drop for the second year in a row, with production at 2.8 million tons and lower exports at 1.4 million tons. Corn harvested area and production are forecast to increase marginally, with production projected at 39.0 million tons and exports at a record 28.0 million tons. Sorghum area, production and exports remain relatively unchanged. Rice area and production for 2017/18 are forecast to drop somewhat, reflecting the sector’s low profitability. Exports are projected down at 400,000 tons (milled basis).
