Weekly Report - 16 June 2016 (WR-16-23)

ARGENTINA | Grain exports. On 12 June Argentina’s agriculture ministry announced that the volume of the country’s wheat exports reached 5.6m tonnes (t) in the first half of 2016, 115% more than the same period in 2015. According to the press release, wheat exports reached a total of only 4.2m t in the whole of 2015, with 2.6m t exported in the first six months of the year. The agriculture ministry also highlighted the expansion of wheat planting during the current growing season by 1m hectares (ha). This means that for the 2016-2017 harvest cycle, the government expects the planted area to increase by another 1m ha to reach a total of 5.3m ha thanks to the investment of Ar$5bn (US$362m) in the wheat industry.

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