Argentina

GIEWS Country Brief: Argentina 29-May-2020

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HIGHLIGHTS

  • Production of cereals forecast at near‑record level in 2020 for second consecutive year

  • Exports of maize and wheat forecast at well above‑average levels due to high foreign demand

  • Prices of grains well above year‑earlier values

  • Price ceilings placed on food items to contain effects of COVID‑19 outbreak

Production of cereals forecast at near‑record level in 2020 for second consecutive year

Harvesting of the 2020 maize crop, planted during the last quarter of 2019, is underway. Production is officially anticipated at 55.5 million tonnes, slightly lower than last year’s record level. The bumper harvest mainly reflects large plantings, which remained at the high level of 9 million hectares for the third consecutive year, prompted by high domestic prices and sustained demand for export. Yields are also expected at above‑average levels, reflecting overall favourable weather conditions.

Planting of the 2020 wheat crop, to be harvested from November, started recently. Wheat production has been increasing since 2016 and is expected to continue its upward trend in 2020. Plantings are officially forecast at 7 million hectares, the highest level on record, supported by remunerative prices. As of end‑May, soil moisture levels were reported to be adequate for planting operations and crop emergence. Weather forecasts point to average rainfall between June and August in the major central western growing areas, bolstering yield prospects.