Grain: World Markets and Trade, November 2005

Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
FG 11-05
November 2005

After climbing to a record last year, Argentina’s wheat exports in the 05/06 trade year are expected to fall by nearly half. Old crop exports in the past few months have been down significantly compared to last year as a result of a drop in stocks stemming from very strong marketing in the months after last harvest. New crop exports are also expected to be sharply lower as dryness at planting has shrunk area and production to the lowest levels in a decade.

With steady domestic consumption, this smaller exportable supply will likely limit the amount of exports going to destinations outside South America. Brazil alone typically buys over 5 million tons of Argentine wheat and flour, against total exports this year of only 7 million tons. This situation is creating opportunities for competitor exports in markets that purchased large amounts of low-priced Argentine supplies last year. These include Egypt (a record 1.6 million tons last year), other Mediterranean and East African markets, as well as Asian markets such as Sri Lanka and Bangladesh.

Wheat Commentary	[Text]	[Adobe Acrobat Format]
Wheat Data Tables	[Excel Spreadsheet Format]	[Adobe Acrobat Format]

Rice Commentary	[Text]	[Adobe Acrobat Format]
Rice Data Tables	[Excel Spreadsheet Format]	[Adobe Acrobat Format]

Coarse Grains Commentary	[Text]	[Adobe Acrobat Format]
Coarse Grains Data Tables	Excel Spreadsheet Format]	[Adobe Acrobat Format]

Argentine Wheat Exports Down by Nearly Half