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3d ago

Argentina’s Export Boom Caps 2025 With Record Wheat Shipments to Asia

Low global prices keep dollar inflows below past peaks despite larger volumes.

A farmer operates a combine during the start of the wheat harvesting campaign in a field near the town of Starobilsk (Starobelsk) in the Luhansk Region, a Russian-controlled area of Ukraine, July 9, 2025. REUTERS/Alexander Ermochenko
En 2025 Brasil ha perdido el podio como principal destino del trigo argentino en manos de Indonesia (que lleva 0,46 Mt) y Vietnam (0,41 Mt), quedando en tercer lugar Brasil (con compras por 0,40 Mt)
En noviembre, 25 complejos agroindustriales —que incluyen productos primarios y sus derivados— mostraron mejoras en las cantidades exportadas respecto del mismo mes de 2024
Se incorporó a las dietas de varios países y se llega a producir cerveza y otras bebidas alcohólicas, como el Baijiu, de gran consumo en la población china, a partir del sorgo

Overview

  • Goods exports from January to November totaled $79.592 billion (+9.5% y/y) on 132.2 million tonnes (+13.8%) as average prices fell 3.7%, with the Pampas region accounting for about 70% of the value.
  • Record December wheat loadings are estimated at roughly 2.48 million tonnes, with Indonesia and Vietnam overtaking Brazil for the month and Argentine FOBs among the most competitive at about $198–205 per tonne.
  • China resumed purchases of Argentine wheat for the first time in decades, including a 65,000‑tonne cargo, broadening destinations for the new crop.
  • The 2025/26 wheat harvest is tracking a record near 26.8–27.7 million tonnes, yet export revenues are projected around $3.5 billion because international prices remain unusually low.
  • Agroindustrial exports in November reached 10.09 million tonnes for $4.715 billion, the sector’s best November in at least a decade, with broad gains across major complexes.