2022/23 Crop Export Update The historic drought that impacted Argentina one year ago resulted in a drastic 38 percent decline in grain production during the 2022/23 season, reaching only 83.4 MMT, the lowest figure since 2008/09. This decline had a significant impact on agro-industrial shipments, which fell by 40 percent compared to 2022, reaching the lowest level since 2009. Throughout 2023, a total of 55.9 MMT of grains, by-products, and vegetable oils were shipped from Argentine ports. This represents a reduction of 37.6 MMT compared to 2022 and 44.5 MMT less than the record set in 2019 when 100.5 MMT of agro-industrial products were shipped from Argentine ports.
If we break it down by product, the impact on grains was greater than...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
