Argentina: wheat exports are the highest since 2007

15.12.2016

Considering the month of December alone, Argentina’s wheat exports are expected to be the highest since the year of 2007. In that year, December had registered exports of 1.72 million metric tons of the cereal, numbers of consultancy Agritend reveal. Now, according to several different projections, exports are likely to beat one million metric tons of volume in the month. By comparison, in December of 2015, Argentina had exported just 40,000 tons of wheat and 295,971 tons in the same month of 2014.

Experts say that, contrary to what was expected, Argentina was not dependant of Brazilian demand in this season, after the export tax cuts, and reconquered several markets that did not use to sell in previous years, including Algeria, Kenya, Vietnam, Bangladesh, Thailand, Mozambique, Oman or Sudan. “We thought that Algeria, for instance, would buy from their usual suppliers of the last year. But Argentina is back to Algerian market, that before was a traditional customer, after five years of absence,” told a souce of the Federation of Grain Storers of Argentina.


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