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Significance
Argentina's soya crop harvest is expected to yield a record 58.0 million tonnes -- up 8.6% from the 53.4 million tonnes recorded in 2013-14. However, soya prices are currently down some 20% from last year, more than offsetting output increases in Argentina's leading export commodity.
Impacts
Corn and wheat have experienced smaller price drops than soya, at 6.0% and 2.5%, respectively, which is encouraging more exports.
Agriculture accounts for only around 5.5% of GDP, but farming commodity exports will be the key source of scarce hard currency revenue.
The president's strained relationship with farmers, who staged massive protests in 2008, will persist over the rest of her term.
Keywords:
Argentina,
LA/C,
economy,
industry,
politics,
agriculture,
debt,
fiscal,
food,
foreign trade,
government,
monetary,
policy,
prices,
soft commodities,
unions
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2015
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