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ARGENTINA : Grains Oilseeds Projections

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ARGENTINA : Grains Oilseeds Projections

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    4. Meanwhile, see what happened in the world…… Soybeans, Corn, Wheat, Cotton, and Rice Percentage Change in Global Consumption 1990/91 – 2010/11 and Forecast for 2011/12 Global soybean demand has grown far faster since 1990/91 than has demand for corn, cotton, rice and wheat. This has been because of strong economic growth, particularly in China and elsewhere in Asia which has driven demand for meat, milk, and eggs. This has led to faster growth in plantings and production of soybeans in North America and South America, in particular. Corn demand has grown faster in recent years because of the growth in the U.S. corn-based ethanol sector. Cotton demand has fallen as a result of the recession. Wheat demand has grown slowly as people around the world have shifted to eating more meat.Global soybean demand has grown far faster since 1990/91 than has demand for corn, cotton, rice and wheat. This has been because of strong economic growth, particularly in China and elsewhere in Asia which has driven demand for meat, milk, and eggs. This has led to faster growth in plantings and production of soybeans in North America and South America, in particular. Corn demand has grown faster in recent years because of the growth in the U.S. corn-based ethanol sector. Cotton demand has fallen as a result of the recession. Wheat demand has grown slowly as people around the world have shifted to eating more meat.

    11. Technology & Biotechnology……… The main factors given the answer to more productivity.. The Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) have approved an internal procedure within all the country's member, to approve the new biotech traits, all at the same time. It is call synchronization of all the biotech approvals . Government has confirmed that Argentina will allow that all new biotech traits that have been approved previously and have already completed regulatory process , in Brazil, could be directly approved in Argentina. This means that Argentina don't need to wait 4 o 5 years to complete his own regulatory process, if this new biotech event has previously approved in Brazil. Therefore, a new Regulatory Frame has been approved in Argentina, in order to reach these goals.

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