World Grain - October 2011 - (Page 56)

FEATURE A growing force in A lready the second-ranked corn (maize) exporter in the world behind the U.S, Argentina is about to become an even stronger presence in the global market. Yields are increasing, more land is being dedicated to corn production, and the country is on the verge of entering the Chinese market. “Argentina could grow a sea of corn,” said Santiago del Solar, president of Maizar, the corn and sorghum growers association, at the inauguration of the Maizar Congress 2011 last May in Buenos Aires. He also noted that corn could be more profitable than soybeans in most of Argentina’s cultivated areas and that the corn sector is expected to produce record results in the 201112 campaign. The latest projections estimate total production of 28 million tonnes, which would be the largest Argentine corn harvest in 40 years, with a cultivated area of over 4.5 million hectares. In addition, the 2010-11 period will leave a carryover of about 4 million tonnes. Therefore, Argentina will likely have approximately 32 million tonnes of corn at its disposal by the 56 by Cristina Kroll The world’s second-ranked exporter, Argentina, is on verge of entering Chinese market end of the next harvest. Furthermore, the Buenos Aires Cereal Exchange indicates that, due to the excellent yields, some of the grain planted with eyes on the feed market might be destined for industrial uses. This combination of good yields and new production regions should generate a large exportable surplus for 2011-12 campaign. However, exports are strongly restricted by the local government. For the 2010-11 campaign, the authorities only authorized corn exports of 12 million tonnes. Argentina’s main competitor in this global market is the October 2011 / World Grain /

Table of Contents for the Digital Edition of World Grain - October 2011

World Grain - October 2011
Grain’s influence on global population trends
News review
Focus on Turkey
In it for the long haul
Deregulation shapes shipping market in Australia
Port developments
News Roundup
Thai rice plan controversial
A growing force in corn
Is biotech blooming in Europe?
A battle for China
Marketing maneuvers
Biofuels News Review
A new imaging method for millers
U.S. soy crushers face challenges
IAOM Eurasia
Flour trade prospects improve
Ridding your facility of rodents
Intersystems expanding Omaha facility
OCRIM school educates millers from around the world
Perten Instruments acquires TexVol Instruments
Food Protection Alliance names Schmitz as director
SternMaid to participate in Food Ingredients Europe
Insta-Pro International names Latin American sales manager
Alltech realigns leadership team
Advertiser Index

World Grain - October 2011