By MercoPress.comA good crop year for Argentine farmers and the government: export revenue will be up 4 billion US dollars and the tax man will bag an additional 888 million US dollars according to estimates from local grain dealers.
Although because of drought in crucial months (November to January) the total harvest of grains and oilseeds will be less than in 2010, international prices will help with a windfall 31.8% increase, points out consultants Agritrend.
In 2009/10 Argentina’s total harvest reached 97.4 million tons of which 76.5 million were exported which represented 26.2 billion US dollars and almost 7.8 billion in direct taxes for the government.
According to Gustavo Lopez, Agritrend analyst the 2010/11 crop can be estimated in 92.4 million tons, 5% less than the previous year. But while soy beans and corn suffered the most from the lack of rainfall, wheat is up from..Read full article
