Business Information

In line with the growth of the area planted to maize and use by producers of more expensive varieties, better technology, the crop seed industry forecasts a turnover in this crop year $ 100 million increase over last cycle. In particular, the business of selling seed corn will rise to 400 million dollars against 300 million in 2009, according to industry estimates.

Last year, trade between grain and fodder, were implemented in Argentina 3.2 million acres. “There are already 3.6 million hectares for [planned between the two uses of cereal], but there may be 4.2 million hectares,” said Paul Olalla, director of marketing and strategy for Monsanto South America.

With regard to estimates, the consultant Gritted expected that the area is located between 3.7 and 4 million hectares. Meanwhile, yesterday, in his usual weekly report, the Grain Exchange in Buenos Aires reported that for surface bound commercial grain (excluding fodder) has already implemented 26% of an estimated area of 3 million hectares.

The billing data of maize seed industry in contrast to the soybean business. Although the latter is almost four times more area than the cereal, seed is lower for billing. In maize, all seed is audited and the producer must buy season after season. In contrast, in soybean, only 30% are audited, and the rest is divided between the proper use (seed the producer of a campaign to save the other) and the illegal market. In response, soy industry turnover of around U.S. $ 240 million.

According Olalla, the largest projected sales of corn seed industry due to “increased the area” and more technology. “Before buying the producer [seeds] low, medium and high technology, but today it does for medium and high technology,” said Olalla. Last year the producer paid an average of nearly $ 100 per bag of seed, and now that value is around $ 110.

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