 |
 |
 |
| Previous page | Home Page | Next |
La Voz del Interior
Córdoba, República Argentina.
Tuesday 29 April, 1997.
Sparks, the American agrolndustrial consulting firm situated in Memphis, estimated yesterday that the unfavorable weather conditions leaded to a reduction in the calculation of the Argentine soya crop to a maximun of 11.9 to 12 million of tons from 13.7 to 14 million. For Brazil, the estimate is of 26.4 million from 27 million of tons.
The last officail estimate of the Secretary of Agriculture of the Government evaluated the crop of the current period in 12.8 million of tons from 13.5 estimated in March and 13.9 million estimated last February.
The vicepresident of Sparks Companies for South America, Juan Martín Rabolini, expressed in a press conference that the Argentine soya crop could decrease to 11.5 million of tons if the bad weather continues. He added that the price of the oleaginous could have more space to increase: "It is forseeable that the following reports about offer and demand will be rising reports".
Sparks Companies believes that the world has entered a new era of high prices of soya, which would incrtease approximately to US$ 350 per ton for 2005.
Likewise, Rebolini said that the United States could have to import "a considerable quantity" of soya if the Torrent trends are maintained. Rebolini said Sparks estimated that the area cultivated with wheat in Argentina in 1997/98 will decrease to a 10% in respect to the area of 1996/97 and that the area cultivated with corn would decrease to about 7%.
He added that "under normal conditions" the decraese in the cultivated area should result in an Argentine production of wheat 1997/98 of 12.8 to 13.3 million of tons.
The exports of corn, which should be of about 10 million of tons in this season, would go down to about 7.5 to 8 million in the following season.
The Brazilian imports of wheat of any origin should increase next year to about 5.8 million of tons from 5 million this year.
Rebolini expressed that the international production of wheat will grow steadily over the following years, but the prices will increase faster, up to US$ 235 FOB Gulf of Mexico for 2005.
The prices of wheat should reach US$ 180 per ton for the same year, even though the international production will increase to about 670 million of tons.
|
|
|
| Previous page | Home Page | Next |