BMI View: Despite significant downgrades in wheat production, it appears that the 2012/13 Argentinegrain crop will come in above average, largely due to improvements in soybean and corn production. Weanticipate wheat showing the most production growth over the long term at 44%, although this will largelybe a function of base effects. We anticipate an improvement in the country''s livestock sector in 2012/13 aswell, as lower grain prices and larger cattle herds should spur beef production. Over the long term, weanticipate the poultry sector showing the largest growth, due to domestic and international demand. Asever, the key risk for the sector will be government invol...
No comments:
Post a Comment