Argentina will increase wheat harvest by almost 50% in 2023/2024 MY

UkrAgroConsult

In 2023/2024 MY, the wheat production in Argentina may increase to 18-19 mln tonnes. If to compare the forecast figure with the one recorded in 2022/2023 MY, the harvest will increase by almost 50% from 12.6 mln tonnes.

In recent weeks, Argentine farmers have been actively working in the fields. They are sowing wheat in new fields. It will be ripened in December 2023 – January 2024. The Secretariat of Agriculture of Argentina reports that in 2023/2024 MY the grain will be sown on 6.1 mln ha. The analysts of the Buenos Aires Grain Exchange also revised the forecast for the planted areas, increasing it from 6 mln ha to 6.1 mln ha.

As of June 28, the sowing of the main grain crop in the country was completed by 71.9% of the plan. The sowing performance improved by 13.8% over the week. During the crop tour, experts from the Buenos Aires exchange also assessed the condition of the crops. Sixty-five percent of the crops are in satisfactory condition, twenty-eight percent of the crops are in excellent and good condition, and seven percent of the crops are in poor condition. The number of wheat crops in poor condition increased by three percent over the week, while the number in good and satisfactory condition decreased by 2% and 1%, respectively.

Tags: wheat, Argentina, crop forecast