Production for 2014/15 is now forecast at 4 million tons, 300,000 tons higher than the official USDA estimates. Planted area remains unchanged but yields are expected to increase as a result of very good weather and forecasts of continued rainfall in the months to come. A surplus production would provide the opportunity to increase exports to 1.4 million tons, 200,000 tons higher than the official USDA estimates. Ending stocks are forecast at 1.1 million tons, 300,000 tons higher than USDA. This is due to higher production and higher beginning stocks than previously expected. Sorghum production for the 2013/14 crop is adjusted upwards to 4.4 million tons, 200,000 tons higher than USDA. The harvested area remains unchanged.

On November 2014, China authorized the importation of Argentine sorghum. The two governments signed an agreement, which had initiated back in 2008. This can be an excellent opportunity for this crop. However, local traders indicate that although there is demand and prices are adequate, the agreement requirements cannot be easily met: traders run the risk of not being able to load in Argentina or of having the cargo rejected in destination. Despite this situation, Post does not discard relatively small volumes being shipped during the next crop season

Sorghum Argentina

2012/2013

2013/2014

2014/2015

Market Year Begin: Mar 2013

Market Year Begin: Mar 2014

Market Year Begin: Mar 2015

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Harvested

1,050

1,050

1,000

1,000

850

850

Beginning Stocks

167

167

784

784

1,084

1,284

Production

4,700

4,700

4,200

4,400

3,700

4,000

MY Imports

0

0

0

0

0

0

TY Imports

0

0

0

0

0

0

TY Imp. from U.S.

0

0

0

0

0

0

Total Supply

4,867

4,867

4,984

5,184

4,784

5,284

MY Exports

1,783

1,783

1,200

1,200

1,200

1,400

TY Exports

3,059

3,059

953

1,000

1,300

1,500

Feed and Residual

2,000

2,000

2,300

2,300

2,500

2,500

FSI Consumption

300

300

400

400

300

300

Total Consumption

2,300

2,300

2,700

2,700

2,800

2,800

Ending Stocks

784

784

1,084

1,284

784

1,084

Total Distribution

4,867

4,867

4,984

5,184

4,784

5,284

1000 HA, 1000 MT, MT/HA