Argentina to reduce soybean area by 1 mln ha
Argentina’s soybean sowing campaign is progressing far slower than usual: as of November 26, only 11% of planned soybean areas had been planted, compared with 36% on the same date last year and a five-year average of 44%. The delay has prompted analysts to reassess expectations for the country’s crop structure this season.
According to Oil World, Argentina may cut its soybean acreage by around 1 million hectares compared with last year. Analysts note that the sluggish pace of planting has already become a decisive factor influencing farmers’ production choices.
In addition to weather-related delays, Argentine growers are increasingly shifting toward alternative crops. Sunflower, corn, and wheat are gaining preference this season, as many farmers view them as more stable and potentially more profitable under current market and agronomic conditions.
Read also
Milk prices in Ukraine remain almost 20% below global levels
One of Russia’s largest grain terminals damaged in Novorossiysk
Argentina to nearly triple beef imports in two years
Biofuel plants should be ready to process up to 10 types of feedstock – experts
Malaysia’s palm oil stocks hit eight-month high
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon