Wheat exports break all records in value and volume for December.

All the information related to grains and pig markets

In 2021, Cargill led the ranking of exporters of all the products (grains, meals and vegetable oils) under the Export Sworn Statement obligation. On the podium it was closely followed by COFCO and Viterra.

The drought that strikes the main agricultural productive regions of our country generated a considerable cut in the coarse grain forecasts, taking harvest prices to historical records for this time of the year.

The summer water stress brought down the forecast soybean and corn harvest by 9 and 8 million tons, respectively. the impact on the Argentinian economy is estimated at US$ 4.8 billion, or 1% of its potential GDP

In Q4 2021, the average load of just over 540 ships in the Rosario area dropped to 30.427 tons, 10.7% below the 33.724 tons for the same period in 2020. The level of the river fell below its 25-year average.

Disappointing rains combined with high temperatures put the early or first varieties of soybean and corn in check, while the late varieties have been better resisting the onslaught.

Stocks surveyed for early January 2022 exceed the historical records for this month. In addition, 1.9 million tons were exported last December, exceeding 2020, but totalling some 200,000 tons less than in 2019.

According to government forecasts, in 2022 the local economy will recover all that was lost in 2020. However, this result is conditioned by various short and medium-term challenges.