A report from Kurt Shultz, US Grains Council director in Latin America, has said that Argentina's farmers will make a better profit from corn than from soybeans for the first time ever this year. “The estimate is that farmers’ net profit will be US$150 (€116.955) per metric ton more with corn,” Shultz said.
“With this kind of incentive, some analysts predict corn acreage could increase from four million hectares to seven million hectares within the next three to five years.” The situation, he noted, is fluid and depends in part on Argentine government decisions. Based on these figures, the natural assumption is that the government will expand export quotas from 15 to 19 million tons to get rid of surplus production. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
“With this kind of incentive, some analysts predict corn acreage could increase from four million hectares to seven million hectares within the next three to five years.” The situation, he noted, is fluid and depends in part on Argentine government decisions. Based on these figures, the natural assumption is that the government will expand export quotas from 15 to 19 million tons to get rid of surplus production. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
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