As predicted by Agri Food Think Tank, Argentina will have only 1 million tons of wheat to export

As predicted in the release posted in Agri Food Think Tank by Jose Gobbee back in May of 2009(see Argentina Wheat Prediction), Argentina wheat harvest will only between 7 and 8 million tons.

This harvest will be almost comopleteley demanded by the Argentine domestic market leaving on ly 0,5 to 1 million tons of wheat for exports. This will increase the global decrease in wheat supply from traditional wheat exporters.

Besides climate impact, most of Argentina decrease in wheat exports is explained by the government regulated policy which taxes wheat export from Argentina to foreign market decreasing the prices that Argentine farmers receive. This wheat area planted have decreased dramatically in Argentina.

Brian Lestcock for Agri Food Think Tank