en.Wedoany.com Reported - Argentina's "La Nación" newspaper reported that data from the Chamber of the Oil Industry of the Argentine Republic and the Cereal Exporters Center (Ciara-CEC) showed that Argentina's agricultural export settlements amounted to US$2.495 billion in April, a month-on-month increase of 23%. Cumulative settlements for the first four months reached US$7.667 billion, a year-on-year decline of 11%, while the single month of April saw a slight year-on-year decrease of 1%. Ciara-CEC represents 48% of Argentina's export volume.

Driven by corn exports, Argentina's agricultural product export volume reached 40 million tons in the first four months, setting a new historical record and exceeding the 2022 record by 11%. Monthly corn shipments surpassed 5 million tons for the first time, with the combined total for March and April exceeding 10 million tons. Wheat, sunflower, and barley exports also provided strong support. The proportion of soybeans remained relatively low, mainly due to humid weather in the main production areas delaying the soybean harvest progress. Soybean exports are seasonal, with the traditional peak season concentrated in May and June. Analysts predict that as the soybean harvest advances, monthly agricultural settlements will rise to US$3.8-4 billion in May and June.

Argentina's exportable corn surplus is approximately 44 million tons, with wheat at 20 million tons, of which 13 million tons have already been sold abroad. The expected soybean production is 49 million tons. The trend of agricultural product exports in the second half of the year will depend on factors such as the soybean industry market conditions, inventory surplus, and farmers' sales strategies.

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