Argentina is famous for corn production and exports. Argentina’s corn industry is booming, thanks to the country’s growing corn exports and production. Today, Argentina has evolved to become the third largest corn producing country and second largest corn exporter in the world. With the record high corn output projected for the current fiscal year and the expanding corn planting area planned for the following fiscal year, the corn industry in Argentina is expected to continue its growth and strengthen the country’s leading position in the global corn market.
Changing corn prices, as well as the increasing global demand for organic corn, cereals, and other corn products, are benefiting the Argentinian corn market. Therefore, new business opportunities are always being created in Argentina’s corn industry. BizVibe’s platform helps customers identify new product sourcing opportunities with the best experts from the top corn exporters in Argentina. This modern business networking platform is targeted towards companies that want to simplify the buying and selling process, get quotes quicker and reach leading players from the Argentina’s corn industry.
Grow Your Business Network: Connect with the Top Corn Exporters in Argentina
Production in Argentina’s Corn Industry
Argentina’s corn production for 2017-18 is expected to reach an all-time high of 39 million tonnes, according to the latest forecast from the USDA. This increase in production is preparing Argentina’s corn market to better compete with major corn-producing countries like Brazil and the United States. Argentina is the third-largest corn producer in the world and has the potential to take a good chunk of the market share from its competitors in the next five years thanks to changing corn prices and the rest of the world shifting their focus to a supercrop.
The record high of corn production out of Argentina in 2017 is a result of growing harvesting areas reaching a million hectares. Although expected returns are lower than last year, and in many cases are expected to be similar to those of soybeans; they are still anticipated to be on the positive spectrum. The USDA also reports that corn will be planted in farms by its owners rotating crops to maintain soil productivity. Most landowners are returning to their normal rotation schemes (soybeans-wheat/second crop soybeans-corn), which many had abandoned during the period of market intervention in search of the most profitable—and easier to sell—alternatives
Exports from Argentina’s Corn Industry
When it comes to corn exports, Argentina’s corn exports for 2017-18 are forecasted at 28.0 million tons—the highest ever. The combination of larger beginning stocks, plus a projected record production is expected to increase exports by 1.5 million tons from 2016-17. Argentina is currently the second largest corn exporter in the world, after the USA.
Read More: Corn Production in the USA
Argentina’s corn products are sold to over 40 countries. Corn exports go primarily to 5 destinations Vietnam, Egypt, Algeria, Malaysia, and South Africa—which account for over half of total corn exports from Argentina. The Middle East, Southeast Asia, and Africa are now the main buying regions for Argentina’s corn products.
The leading position of Argentina’s corn industry has attracted a significant number of buyers and traders from all over the world. To help your corn business stay at the top of the industry, BizVibe provides the best solutions to source products and make business deals with the top corn exporters in Argentina. Don’t miss your chance to connect with the best industry suppliers, manufacturers, and companies on BizVibe.
Related to the Argentina’s Corn Industry
Top company: Asociación De Cooperativas
Top company: Advanced Organic Materials