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Argentine dairy production continues to recover after massive industry consolidation and weather damage in 2016 and 2017.
Post forecasts wheat exports in marketing year (MY) 2018/19 at 13.6 million tons, 600,000 tons lower than USDA. Due to tighter supplies, Post estimates barley exports for 2017/18 at 2.5 million....
Post revises down 2016 Argentine milk output to 10.39 million tons (equivalent to 10.094 million liters) as result of severe weather damage, an increase in production costs, and low farm gate prices.
Argentine sugar production for marketing year 2016/17 is projected at 2.1 million tons (raw basis), similar to the previous two crop seasons.