Argentina: Oilseeds and Products Annual
Post forecasts a 2018/19 soybean area of 19 million hectares producing 57.5 million tons after a 30 percent production drop in 2017/18 due to drought. Crush demands are forecast to double soybean imports to 4 million tons in 2017/18. Sunflower area is expected to increase marginally while peanut area remains flat in 2018/19. Peanut crop initial production forecast is lowered for 2017/18 by over 30 percent from initial figures while 2017/2018 sunflower production, relatively unaffected by the drought, reaches production of 3.4 million tons.
