Argentina Agribusiness Report

Sugar production growth from ----/-- to ----/--: -.- to -.-mn tonnes. Sugar production will receive a boost from the combination of an increased domestic ethanol-blending mandate as well as increased competitiveness of Argentine sugar on the export market. ...Sugar production growth from ----/-- to ----/--: -.- to -.-mn tonnes. Sugar production will receive a boost from the combination of an increased domestic ethanol-blending mandate as well as increased competitiveness of Argentine sugar on the export market. Soybean production growth from ----/-- to ----/--: ---.- to --.-mn tonnes. ...---- real GDP growth: -.- (up from a forecast --.- in ----). ---- consumer price inflation: --.- average (down from a forecast --.- in ----).

...We have revised up our production forecasts for wheat and corn due to the major policy shift from the new government led by Macri. This will encourage farmers to shift away from soybean towards grains. ...� Monsanto is facing growing operating challenges in Argentina as the company announced in August ---- that it will dismantle one of its genetically modified seed plant in the country. This follows a controversy between Monsanto and the Argentine governments over the payment of royalties by the country s farmers to the American company resulted in Monsanto depriving the Argentine market of its future soybean varieties as of May ----. If Argentine farmers are unable to access the latest seeds, we would revise downward our production forecasts. Indeed, overplanting of soybean in Argentina over the last few years resulted in increased resistance of weeds and pests, requiring up-to-date technology in order to ensure steady output. The beef sector will increasingly look to the export market for growth, as domestic consumption is already at a high base and the sector is poised to benefit from the more favourable policies put in place by

...Restricted supply has resulted in Argentina losing some of its valuable beef market to local rivals. High domestic beef consumption means that the meat s export potential is never fully realised, resulting in revenue losses when Argentine beef prices are competitive globally. ...