Argentina strike beans City of City News Miwuzhongchong _ _ _ Sina Sina Financial
Posted on Jun-03-2008· by china investor
Hu Liu
收割已接近完æˆï¼Œå…¶æ€»äº§é‡ä¹Ÿå·²åŸºæœ¬ç¡®å®šï¼Œä½†å®ƒæ‰€å‘生的一系列ä¸ç¡®å®šäº‹ä»¶å´å§‹ç»ˆè®©å¸‚场æ‰æ‘¸ä¸å®šï¼Œè¡Œæƒ…å› æ¤è¿›å…¥æŒç»éœ‡è¡ã€‚ Although Argentina 2007 to 2008 harvest is almost complete, its total output has been basically decided, but it happened a series of incidents has remained so uncertain market uncertainty, and therefore into the market continued to shocks.
Argentine Ministry of Agriculture released the latest weekly crop report said, as at last Thursday, Argentina 2007 to 2008 soybean harvest 97 percent complete and soybean harvest in the end stage, the largest soybean producing province of Cordoba Roque Saenz Pena soybean The harvest has been completed. The Government of Argentina soybean production is expected for the year to 47 million tons, and the U.S. Department of Agriculture after the Argentina's soybean production forecast in line. The yield was slightly lower than last year, the Argentine soybean production last year reached a record 47.5 million tons.
åŠå‡ºå£å›½ã€‚ Argentina is the world's third largest soybean producing country or the world's largest and exporter. Argentina yield of identification, the market is undoubtedly a stabilizing agent. However, since the beginning of March to strike gave Argentina farmers market was still "Miwuzhongchong." In recent months the U.S. soybean futures prices have been high in the consolidation, and the shock even more.
Last week, Argentine farmers also held a strike, which is from the Argentine government announced in March soybean export tariffs increase since the third strike. Although the Government of Argentina to make certain concessions in last Thursday amended the grain export tariff policy to enable more small farmers can receive a tax rebate, while soybean prices rose to 600 U.S. dollars / ton (a price much higher than the current price, the current Soybean prices for 500 U.S. dollars / tons) will reduce the tariff rate. But farmers are still not satisfied with this, they want to repeal the new tax system. Even in revising the export tariff policy, farmers who paid the tax still higher than before the implementation of the new tax policy bill. The strike is expected to continue until Monday local time, when farmers will be meeting to discuss the next step.
One industry analyst believes that the Argentine soybean eventually sold out, farmers struggle with the Government the following trends and the outcome, Argentina production when the pressure release, how to release, still is the recent market should focus on issues of concern.
chinainvestor:本版contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.
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