December 20, 2004
Argentina's Oct Wheat, Corn Exports Up From Yr Ago
Argentina's year-on-year wheat exports rose again in October as the country continued to ship more to non-traditional markets, the latest Agriculture Secretariat data show.
Argentina exported 843,100 metric tons of wheat in October, up almost 127% from the 371,097 tons shipped during the same month a year ago, according to the Secretariat.
Exports rose as Argentina sold more wheat to more buyers. Argentina sold wheat to 16 countries in October, up from just three a year earlier.
Brazil, easily Argentina's No. 1 client, bought 364,454 tons of wheat in October, up slightly from 360,591 tons a year earlier.
Egypt was the second-ranked destiny in October, accounting for 117,260 tons against none year earlier.
Sri Lanka came in third with 70,540 tons against none a year ago. The United Arab Emirates was fourth with 62,168 tons, compared with none a year earlier.
South Africa ranked fifth, buying 54,324 tons in October against nothing the previous year.
Argentina produced an estimated 14.5 million tons of 2003-04 wheat and is on track to produce 15.1 million in 2004-05, according to the Secretariat.
The U.S. Department of Agriculture has estimated that Argentina will export eight million metric tons of 2003-04 wheat. In 2004-05, exports will rise to 8.5 million, according to the USDA.
CORN EXPORTS
Argentina exported 558,435 tons of corn in October, 9.6% more than the 617,601 tons exported during the same month a year ago.
Sales rose as Peru bought 91,526 tons in October, up from 68,133 tons a year earlier.
Indonesia ranked second as it imported 66,000 tons compared with none a year ago.
Saudi Arabia came in third in October, importing 64,643 tons, down from 99,320 tons a year ago.
Argentina is the world's No. 2 corn exporter this year, behind the U.S., according to USDA data.
Argentina probably will export 8.65 million tons of 2003-04 corn, the USDA estimates. In 2004-05, this figure could rise to 11 million tons.
