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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.
For calendar year 2019, Post revises Argentine milk production up slightly to 10.91 million metric tons with CY2019 stocks estimated to fall to 53 million metric tons from 82 million metric tons....
For CY 2018/2019, production of fresh apples and pears is revised upward to 590,000 MT and 600,000 MT, respectively, from official USDA estimates.
Argentine sugar production for marketing year 2019/20 is forecast stable at 1.68 million tons, raw value, with domestic consumption continuing its downward trend and exports forecast....
For marketing year 2019/20, wheat production is forecast at a record 20.4 million tons with exports expected at 14.5 million tons.
Post forecasts 2019/20 soybean production to fall by 3 percent to 53 million tons due to decreased area.
Argentina’s herd size, slaughter and stock numbers remain unchanged from 2018.
The Government of Argentina set a new record of seven biotech approvals in 2018, after a low level in 2017.
For MY 2018/2019, Post forecasts a fresh lemon production recovery to 1.60 million metric tons with sweet citrus production estimated down to 500,000 metric tons for oranges and 280,000 metric....
Post revises 2018/2019 soybean production down slightly to 56 million tons based on lower planting area.
For 2018/2019, apple and pear production is forecast to increase over last year, despite lower planted area, but remain below historical levels.