Weekly Report - 22 February 2018 (WR-18-07)
TRACKING TRENDS
ARGENTINA & BRAZIL | Soybeans. The drought which has ravaged soy-rich areas in Argentina since November could cost local agricultural producers US$5bn in losses according to government estimates, but it has presented an opportunity to neighbouring Brazil. Local agricultural consultancy Agripac cut its forecast for Argentine soybean production to 47m tonnes, down 18% from the start of the season.
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