BUENOS AIRES, Jan 3 (Reuters) – Argentina exported $32.8
billion in grains and their derivatives in 2021, a record amount
of earnings since the beginning of this century, the country’s
CIARA-CEC grains exporters and oilseed crushing chamber said in
a report released over the weekend.
Farm-sector export dollars are a key source of revenue for
Argentina as it exits a recession that had been exacerbated by
the coronavirus pandemic, while average Argentines struggle with
inflation running at about 50% per year.
In December alone the sector exported $2.68 billion in
grains and derivatives.
Argentina is the world’s top supplier of soymeal livestock
feed used to fatten hogs and poultry from Europe to Southeast
Asia. It is also a major exporter or corn, wheat and raw
soybeans.
Argentina benefited in 2021 from high grains prices, the
chamber said in its report. Challenges included dry weather that
had hurt crops and low water levels on the Parana River, the
country’s main transportation route for grains cargo ships.
(Reporting by Jorge Otaola; Writing by Hugh Bronstein; Editing
by Mark Porter)
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