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Wheat production for 2014-15 is forecast at 12.5 million tons, 500,000 tons higher than USDA.
Post raises Argentine 2015 sugar production estimate to 2.05 million tons, a small increase from USDA’s number due to beneficial weather during harvest time.
2014/15 soybean production area is forecast at 21 million hectares, with production forecast at 57 million metric tons (mmt), based on commodity prices and currency hedging.
Argentina continues to be the third largest producer of biotech crops after the United States and Brazil, producing 14 percent of the world´s total biotech crops.
Argentine beef exports in 2015 are forecast at 210,000 tons carcass wt equivalent, an increase from the 2014 estimate, but still an insignificant volume for what Argentina has historically exported.
Argentine 2015 broiler production is expected to reach a new record high of 2.15 million metric tons (MMT), in response to increasing Russian demand.
Argentina’s raisin production and exports for Calendar Year (CY) 2015 are expected to rebound from the previous year.