Argentina: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   AR2022-0029

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Office of Agricultural Affairs, Buenos Aires   |   (011-54-11) 5777-4627

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Argentina: Oilseeds and Products Update

Dry weather and high temperatures in the last months of 2022 have damaged the Marketing Year (MY) 2022/23 Argentine soybean crop, particularly affecting first crop soybeans within a 125 kilometer radius of Rosario, Santa Fe Province. Recent rains will buy time for second crop soybeans, but better-than-average weather through February is needed for a substantial recovery. Post lowers its MY 2022/23 estimated production to 36 million metric tons (MMT), 9.5 MMT below the official USDA estimate. The drought is also affecting sunflowerseed and peanut production to a lesser extent. Post estimates sunflowerseed production at 4 MMT on lower-than-expected yields in northern production areas. Peanut production is lowered to 1.05 MMT on smaller-than-expected planted area and anticipated lower yields.

Western Hemisphere, Argentina
Oilseeds, Soybeans, Vegetable Oils (excl. soybean)

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