The output value of Argentina’s main crops is expected to increase by 29%year-on-year in 2021
By: Date: 2021-04-08 Categories: Internationalfood Tags: ,
   The National News Agency of Argentina reported on March 24 that according to the forecast of the Buenos Aires Grain Exchange in Argentina, under the favorable background of the continuous increase in global commodity prices, the output value of major agricultural crops in 2021 will reach 40.244 billion U.S. dollars. A year-on-year increase of 29%; exports will reach 34.642 billion U.S. dollars, a 35%increase from last September’s forecast. Although Afghan crops are facing a reduction in production due to drought, the average global price of agricultural products has risen by more than 40%, driven by the import market dominated by China. The exchange is optimistic about the growth of agricultural output and export earnings this year.