Argentina’s farmers could retain grain again

25.04.2017

In an economic scenarion in that the Argentinian Peso recently became stronger, not weaker, a lot of grain farmers are not considering to sell soybeans or corn right after harvest, but to wait for a more attractive price of the U.S. Dollar. Data from the Center of Cereal Exporters already show a trend with US$ 37.7 billion on grains exports so far in the year – 36.06 percent less than the same period of 2016.

Delfín Morgan, director of the brokerage Morgan García Mansilla, several farmers are not willing to sell waiting for better soybean prices and some devaluation of the Peso in the future, according to local newspaper Ámbito.


agrosouth-news

Readers choice: TOP-5 articles of the month by UkrAgroConsult