Argentina Grain Hit By 66% Revenue Drop From Exports
Jan, 04, 2024 Posted by Gabriel MalheirosWeek 202401
In December 2023, Argentine grain and derivative exports yielded a revenue of $1.246 billion. While this amount reflects a 66% decrease compared to December 2022, it marks a 24% increase from November 2023.
The data disclosed by the Chamber of the Oilseed Industry of the Argentine Republic (Ciara) and the Center of Grain Exporters (CEC), entities representing 48% of Argentina‘s total exports, sheds light on the challenges and dynamics of the industry. Over 2023, the accumulated revenue reached $19.742 billion, indicating a 51% decline compared to 2022.
According to both organizations, the influx of currency in December was partly influenced by the country’s drought in the 2022/23 season, leading to the sale of available grain stocks.
The primary product exported by the sector is soybean meal, accounting for 14.2% of the total traded abroad by the country. Corn (11% of the total) and soybean oil (6.9%) are closely followed closely.
Source: Broadcast Agro
Click here to view the original text: http://broadcast.com.br/cadernos/agro/?id=T1NTU2RvTGZ4WlU4UWxBWXdCQVNYQT09
-
Ports and Terminals
Dec, 20, 2023
0
Port of Itajaí expects container operations to resume in 90 days, says new leaseholder
-
Meat
Oct, 29, 2019
0
BRF signs memorandum to invest US$120m in factory in Saudi Arabia
-
Meat
Oct, 05, 2020
0
Agriculture Ministry confirms outbreak of classical swine fever in Piauí
-
Other Cargo
Oct, 11, 2021
0
BNDES approves US$ 500 million for Embraer to export 24 aircraft to the US