The Rosario Stock Exchange (BCR) estimated that exports from the main five grain complexes could reach US$41,276 million in 2023, which represents a drop of US$380 million compared to projections for this year.
In this way, the BCR made its first projection of exports of the soybean, corn, wheat, sunflower and barley chains for next year, while for 2022 they forecast that shipments would culminate in US$ 41,654 million, US$ 3,569 million per above 2021.
Regarding next year, from the stock market entity they explained that “these projections are based on the area of intention to plant the 2022/2023 harvest” and that “in the event that the climatic conditions become complicated in the coming months, without a doubt that these estimates should be revised downwards.”
Taking this into account, the soybean complex would register shipments for US$ 24,126 million, almost US$ 500 million more than in 2022.
“The largest volume projected to be exported of all the products of the complex, estimated at 4 million tons, more than compensates for a projected drop in export prices for next year,” the report pointed out.
For its part, the corn complex would reach exports of US$ 10,446 million, reaching a new record and would also exceed the 2022 mark by US$ 580 million, thanks to a higher projected volume of shipments and a slight increase in international prices.
Exports from the wheat complex, meanwhile, would fall sharply in 2023 compared to the record of 2022, with revenues of around US$3,306 million, equivalent to a decrease of US$1,420 million compared to the current period.
This is due to a 50% drop in the projected volume to be shipped abroad in the coming year, which is only partially offset by higher export prices.
Finally, the sunflower complex would reach exports of US$ 1,680 million, while the barley complex would record shipments of 1,717 million.
