29.
06.16
11:10

Before the Maissaison 2016/17: Argentina's farmers in the maize-fever

Corn seems as bright as gold for Argentina's farmers. If they put the seeds of the season in September 2016/17, thus beginning the first full Vermarktungssaison after Mauricio Macri called his free market policies after taking office in December 2015.
Taxes and restrictions on exports of corn and wheat, which had introduced the left previous Government under Cristina Fernandez were lifted immediately after his inauguration by Macri. That has triggered an impressive Dynamics: the seed is currently scarce, has already sent 60 to 70% of seed stocks were sold, were sold in previous years up to 10% on the same date. The corn cultivation will be extended at the expense of soybean by an estimated 30%. 3.6 million hectares of maize were ordered in 2015/16.
The reduction of tariffs from 20% to "0" arrive in full to the farmers. By the devaluation of the peso, the corn price in the country by 220% increased (-30%) and the higher world market prices for corn.

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