Browse Data and Analysis

Due to the impact of the recent flooding, the 2022/23 rice production forecast is lowered to 8.3 million tons. With a slow-down in exports during July and August, plus the recent flooding causing a pause in export activities, marketing year 2021/22 rice exports are lowered to 4.5 million tons.

Argentine cattle stock, cattle slaughter, beef production, consumption and export volumes are all forecast to remain practically unchanged in 2023. China is expected to continue as the main export destination, potentially accounting for more than 70 percent of the 770,000 tons carcass weight equivalent (CWE) projected exports. Despite strong global beef demand and good prices, current, government imposed, export restrictions are projected to prevent Argentina from shipping larger volumes.

Post projects 2023 Argentine chicken meat production at 2.38 million metric tons, up very slightly from 2022 levels, while 2023 exports are projected at 190,000 tons, up 4 percent from 2022. Argentine exporters have gained new export opportunities as a result of trade disruptions stemming from the conflict in Ukraine, and these gains are expected to be maintained in the short term.

The 2022/23 harvested area estimate is reduced significantly due to the recent flooding in key production areas of Sindh and southern Punjab. As a result, the 2022/23 production forecast is lowered 19.4 percent to 5 million bales. To replace the expected decline in domestic output, the 2022/23 import forecast is increased to 5.8 million bales.