USDA Sees Shift In Corn Exporters' Market Share

摘要

An unexpected increase in corn export volumes from Argentina in recent months has prompted the US Department of Agriculture to revise its export projections for this trade year. The USDA's December forecast of 7.0 Mt for 2009/10 (Oct-Sep trade year) has been boosted to 12.0 Mt as a result of very favourable weather conditions leading to greater price-competitiveness of Argentina's corn supplies. In 2008/09 drought had reduced the country's exports to a relatively meagre 8.5 Mt.