December 24, 2007

Argentina 06-07 corn sales unchanged at 13.5 million tonnes

As of Dec. 21, Argentina had sold 13.5 million  tonnes of 2006-07 (March-February) corn for export, unchanged since June, the Agriculture Secretariat said on Friday (December 21, 2007).

In November of last year, the government froze the export registry in the face of soaring export declarations.

In June, the Agriculture Secretariat announced the reopening of the corn export registry for 3 million tonnes, but the quota was filled within a week.

By this time last year Argentina had sold 8.6 million tonnes of 2005-06 corn.

There have been no export commitments reported for the 2007-08 crop due to the registry closure.

The Secretariat provided the following updated information. Each figure represents thousands of tonnes sold.

   
                        2006/2007                     2005/2006
 
Spain                   1,525                               75
 
Chile                    1,125                            1,140
 
Egypt                   1,085                              500
 
Malaysia               1,050                            1,500
 
Algeria                 1,040                              940
 
Saudi Arabia           840                              330
 
Japan                     365                                0
 
Philippines              135                              200
 
Indonesia               110                              265
 
Taiwan                    60                                0 
 
Thailand                  10                                0