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French wheat exports to Algeria decreased by almost 47 percent due to a lack of available quality and quantity, opening Algeria to exports from Poland and Germany.
Production of all three types of citrus in MY 2014/2015 is estimated to rebound, as a result of good weather conditions and the recuperation of plants that had been previously affected by frosts.
The Ministry of Agriculture (MoA) recently announced that it supports the creation of new dairy cattle farms and importing 90,000 dairy cattle in the near future.
Post forecast Argentina’s milk production for calendar year (CY) 2015 at 11.7 million tons, a three percent decrease from CY2014 USDA’s estimates.
Robust soybean planting in Cordoba province and smooth planting in the rest of the country are trending national production area towards the 2014/15 soybean forecast of 21 million hectares.
U.S origin dairy products trade resumed in 2011 and exports have been on an upward trend since then and it seems for the foreseeable future.
Post forecasts production at above normal levels as production rebounds following 2014 series of bad weather and to the natural lifecycle of plants.
In late October the Ministry of Agriculture (MoA) reported that total cereal production for MY2014/2015 is estimated at 3.4 MMT but continues to be silent about bread wheat and durum productions.
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.