In January, the #WeeklyAsado looked at the drought in #Argentina and its impact on farmers. A month later, @jpmorgan reports, the dry spell continues and the soybean production estimate for this year is down to 50 million tons from 57.5 million last year. https://goo.gl/ZoHqb3
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As we referenced in the
#WeeklyAsado, the expected 13% drop in soybean production undermines@mauriciomacri's efforts to increase farm output by sharply lowering or eliminating export taxes. Subscribe here, http://pages.wilsoncenter.org/ArgentinaProjectSubscriptionCenter_LatinAmericaProgramSubscriptionLandingPage.html?mkt_tok=eyJpIjoiTkRWbFpXTTVORGxqTkRZNCIsInQiOiI5SStMUzIzcmJTYTNXOHRoSUdhSkp5VktnQ09sNEtPdEpTWFZkWDJJRUhuMDBcL2thYjBJamdsNVwvS2xScG1GT1JDQUE5UVllVVlZT3NoaFwvYnc2SkFaUkpKMnQwQlJVazM5RFVYb0w5VXEyTHFCUTAxR1ZYYk9BUk11VVp1cXg0ZCJ9 ….1 reply 0 retweets 0 likesShow this thread -
Given
#Argentina's leading role in global#soybean production, the drought in the Pampas is not only affecting the Argentine economy.@Reuters reports that U.S. soybean futures have risen to their highest level in seven months.pic.twitter.com/95GPC2fajs
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#Argentina is the world's third-biggest soybean producer (after the U.S. and#Brazil), with production of 56.8 million metric tons in the 2015/2016 season, according to@USDA data.1 reply 0 retweets 1 likeShow this thread
Under @CFKArgentina, #Argentina's farmers and government clashed bitterly. Now, the former Sociedad Rural president runs the @AgroindustriaAR and @mauriciomacri has pledged to double farm production. Already, the government estimates that its farm output feeds 400 million people.
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