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- (-) January 2020
- (-) August 2019
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A new government policy raising export taxes for agricultural products from 6.7 percent to 12 percent in December 2019 drives advanced MY19/20 grain crop sales.
2019/20 soybean planted area is forecast at 18 million hectares and production is forecast at 53 million tons, unchanged since September.
For MY 2019/2020, Post forecasts fresh citrus production at 1.6 MMT for lemons, 720,000 MT for oranges and 390,000 MT for tangerines.
Argentina’s raisin production is forecast stable at 44,000 metric tons (MT) in CY 2020.
Argentina’s fuel ethanol production and consumption remains stable with 2019 forecast at 1.1 billion liters with no trade expected and the E12 mandate blend near 11.5 percent.
For marketing year (MY) 2019/20, Post wheat production is forecast higher than USDA at a record 20.8 million tons on larger planted area than USDA lifting exports to a record 14.3 million tons.
Argentina’s fuel ethanol production and consumption remains stable with 2019 forecast at 1.1 billion liters with no trade expected and the E12 mandate blend near 11.5 percent.