September 27, 2004

Argentina's July Corn Exports Up 2.7% From Year Ago
 
Argentina exported 1,006,199 tons of corn in July, which is 2.7% more than the 979,390 tons exported during the same month a year ago, according to information from the Agriculture Secretariat.
 
Sales rose as Malaysia bought 140,810 tons in July, compared with none a year earlier. This made the Asian nation Argentina's top corn importer in July.
 
Peru ranked second, importing 117,599 tons compared with 92,877 tons a year ago.
 
Egypt came in third, accounting for 112,016 tons, inline with the 111,848 tons it bought a year ago.
 
Argentina was the world's No. 3 corn exporter in 2003, behind China and the U.S. The South American nation is set to recover the No. 2 spot this year as it exports more than China, according to the USDA estimates.
 
Argentina is on track to export 8.5 million tons of corn this year, the USDA estimates. Next year, this figure will rise to 11 million tons, according to the USDA.