MED-Amin network
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MED-Amin network
(Mediterranean Agricultural Information Network) Fostering cooperation and experience sharing among the national information systems on agricultural (cereals) markets in the Mediterranean. The network of 13 countries is coordinated by CIHEAM, and more specifically by its Mediterranean Agronomic Institute (MAI) of Montpellier.
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World wheat market in expectation of Argentina supply

World wheat market in expectation of Argentina supply | MED-Amin network | Scoop.it

By UkrAgroConsult, 23/10/2018

In the current season, the key suppliers of Black Sea wheat – Russia and Ukraine – continue enjoying high export prices and strong global demand for their commodity.

In view of a decrease in the 2018/19 world wheat crop and rather unfavorable conditions for planting winter crops for the 2019 harvest, some grain growers decide to keep part of their crop in stock and wait for a price hike in the latter half of the season. However, when choosing their sales strategy in the current season, market participants should take into consideration Argentina’s coming to the world market, as this country may curb expected growth of world prices, reports UkrAgroConsult. Local farmers have started harvesting new-crop wheat, and sales from Argentina can be expected to surge as soon as November-December.

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Weather Continues to Affect Global Wheat Production

Weather Continues to Affect Global Wheat Production | MED-Amin network | Scoop.it

By Stephanie Bryant-Erdmann, USW Market AnalystUSDA expects global wheat production to fall to the lowest level in 5 years at 733 million metric tons (MMT), down 3 percent from the record high of 758 MMT in 2017/18. If realized, it would be slightly below the 5-year average. This downturn is, unfortunately, led by decreasing supplies in historic wheat exporters. At the same time, USDA raised its forecast for global wheat consumption to a record high 746 MMT, up 1 percent from 2017/18. This article gives a round-up of crop conditions and forecast for Argentina, Canada and Australia.

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Argentina’s Export Tax to Drive Corn Acres Lower

Argentina’s Export Tax to Drive Corn Acres Lower | MED-Amin network | Scoop.it
by Luis Vieira (Agriculture.com), 05/09/2018
Argentina’s rising debt level is pushing up export taxes. Argentina has suffered a currency crisis since the beginning of the year, and the Argentinian peso devalued over 100% against the U.S. dollar since then. This is sparking increased export taxes for Argentina’s agricultural commodities. President Mauricio Macri announced US$ 12.9 billion in cuts and the return of export taxes to reach the full agreement of the IMF. 
On farm exports, the tax rate would be four pesos for every dollar in exports with a roof of 10% with some exceptions like soybean, oilseeds.
In the view of Gustavo López, president of Agritrend, based in Buenos Aires, the new tax will reduce the corn surface in Argentina. “Wheat was already planted. Corn is yet to be planted in Argentina after the wheat harvest. And corn was punished again.
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