Browse Data and Analysis

On Wednesday, March 4, 2020 the Government of Argentina announced adjustments to its export tax regime.

2019/20 Soybean production forecast is raised to 54.1 Million Metric Tons (MMT), up 1.1 MMT from December, on positive growing conditions for first crop soybeans across Argentina.

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.

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.

For CY 2019/2020, fresh deciduous fruit production is forecast at 550,000 MT for fresh apples and 590,000 MT for fresh pears, unchanged from revised CY 2018/19 levels.

2020 chicken meat production will rise slightly to 2.2 million metric tons with exports of 158,000 metric tons, up 2 percent to key markets of China, Chile and Russia.

2019 Argentine dairy production is projected at 10,650,000 tons, down 1.8 percent from 2018 due to abnormally warm weather during the first half of the year.

2019/20 soybean planted area is forecast at 18 million hectares, up 0.2 million hectares as producers shift second season plantings from corn to soybeans.

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.