Argentina New Crop Corn Exports Up
Tue Apr 16, 2013 07:16 AM CDT

SINGAPORE (Dow Jones) -- Argentina has already sold around 12 million metric tons of new crop corn in forward export deals for shipment by June, but overall exports will likely be almost unchanged on year, a top industry official said Tuesday.

Argentina is the world's third-largest corn exporter after Brazil and the U.S. It is currently harvesting its new crop, and exports are crucial to meet global demand because of tight supply from the drought-hit U.S.

Export "commitments for almost 12 million tons are done, and shipments have started," Freddy Pranteda, director at Cosur S.A., a major South American brokerage ...

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