The Argentine acreage for corn could rise to 2016/17 to 20% during the growing season; This extended the maize production of the lands around 10 to 15 million tonnes compared to the previous year's harvest, the Argentine Minister of agriculture Ricardo Buryaile said. This growing extension would be at the expense of soybean cultivation, said experts on Thursday on the outskirts of the world economic forum for Latin America in Colombia.
If this is so, Argentina would produce soybeans have 55 million tons in the coming year and no longer the 60 million tons, which were planned and highly appreciated also by the USDA. The estimate of the Minister to the corn crop by 2015/16 is 25 million tons, which amounted to 27 million tonnes of the Rosario cereals Exchange.
Argentina is the world's largest exporter of soybean meal, which is used as a major supplier of protein in Europe feed mixes. Moreover, the Minister, estimates that the wheat harvest 2016/17 on 15 up 16 million tons higher than the last crop will be, which is specified with 10.5 million tons. The larger harvests of corn and wheat are the result of investments over $ 400 in the Argentine infrastructure of the grain industry.
Now, only the dispute with Monsanto seed licenses and inspections for genetically modified seed must be enclosed. It was hoped for a result next week. If this does not happen within the meaning of the breeder house, is threatening to set the research activities there, what would ruin all plans to increase exports.
