On Feb. 14, 2013, according to the Buenos Aries Cereal
Exchange, Argentina will harvest a record
production of corn at 25 million tonnes in the season of 2012/13. If this
estimation comes true, the production of corn will be 16.3% higher than 21.5
million tonnes in the previous season.
Besides the Buenos Aries Cereal Exchange, the US Department of Agriculture (USDA) even estimated that the production of corn inArgentina will
reach 27 million tonnes in 2012/13. Be it 25 million tonnes or 27 million
tonnes, the estimation of corn production in Argentina in
2012/13 will be the highest in 13 years.
Although the production of corn inArgentina
will break a record in 2012/13, the planting area of corn is lower than that in
the previous season. According to data from the Buenos Aries Cereal Exchange,
the planting area of corn is about 3.6 million ha. In 2012/13, suffering a
decline of approximately 15% compared with that in 2011/12.
In fact, some regions inArgentina suffered
from the drought before Jan. 2013 and high thermal records. These factors would
cause the losses in yield potential of crops. However, as the rainfall comes in
late Jan. 2013, it improves the soil conditions and encourages the development
of crops.
With the record production of corn expected inArgentina ,
the local government will boost the corn exports in 2012/13. Some experts think
that it will increase the corn supply in the world, thereby helping ease the
global corn price. However, the technical manager of the Federation of
Agriculture and Livestock of Mato Grosso (Famato) considers that the expected
increasing exports of corn in Argentina could
not have a great effect on the international market.
According to the data from USDA,Argentina is
the third largest exporter of corn in the world, behind Brazil
and the US . The export volume of corn will
reach 19.5 million tonnes in Argentina in
2012/13, accounting for an approximate 20% of world's total corn export volume
and 72% of Argentina 's total corn production
in 2012/13. But in Brazil , the total export
volume of corn is expected to just account for about 34% of the total domestic
production in 2012/13. It means that even if Argentina
exports all of its corn production, any effect on the international market
should be very limited.
Besides the Buenos Aries Cereal Exchange, the US Department of Agriculture (USDA) even estimated that the production of corn in
Although the production of corn in
In fact, some regions in
With the record production of corn expected in
According to the data from USDA,
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