Argentina expects the new wheat harvest to exceed last year’s by more than 40%
The wheat production in Argentina in 2024/25 MY may reach 21 mln tonnes, up 44.8% compared to the previous season (14.5 mln tonnes). This forecast was made by the analysts of Rosario Grain Exchange.
According to the monitoring data of the Buenos Aires Grain Exchange, the country planted wheat on 2.87 mln ha, which is 46.3% of the plan (+20.6% for the week).
Good production prospects and active pace of sowing campaign in Argentina is facilitated by sufficient soil moisture level. In addition, farmers, expecting new rains, can increase the area under grain.
According to the USDA forecasts, the wheat harvest in Argentina in 2024/25 MY will amount to 17.5 mln tonnes, and exports – 11.5 mln tonnes.
Read also
Australia increased wheat exports by 20% in October
Palm oil prices fell by 5.4% despite lower forecasts for production, exports and s...
Ukrainian ports handled over 90 mln tons of cargo since the beginning of the year
Join with the EARLY RATE – 22 International Conference BLACK SEA GRAIN.EUROP...
Indonesia wheat, rice imports forecast to fall
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon