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Argentina: record soybean inventories will put pressure on domestic prices
Projected Grain exchange Rosario (BCR), by the end of 2017, the stocks of soybeans in Argentina reached a record 16 million tonnes, 5 million tonnes will exceed the maximum prior to this period last year and can exert considerable pressure on oilseed prices on the domestic market, according to Soybean & Corn Advise
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Recall that to date the farmers have started the sowing campaign of soybean 2017/18 MG, the rate of which is significantly constrained by heavy rains that continued almost throughout the country. This situation is due to the high oilseed stocks and a low enough domestic prices contributes to the decline in interest of farmers to the production of oilseeds and curbing the enjoyment of soybeans old crop.

In addition, many Argentine farmers are currently soy is a less attractive crop for production due to high export duties on oilseeds, which will gradually start to decline only from January 2018.

Photo: youtube.com



Translated by service "Yandex.Translation"
Источники: АПК-Информ
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