Argentina’s soybean acreage expected to expand by 7.8%
Argentina’s Secretariat of Agriculture, Livestock and Fisheries (SagyP) forecasts that the country’s soybean acreage in MY 2024/25 will increase to 17.8 million hectares, up 7.8% from the previous season’s levels (16.6 million hectares), Fastmarkets reports.
The expected figure is the highest planted area for soybeans in Argentina in the last 6 years. The increase is due to improved soil moisture levels and an anticipated reduction in corn acreage.
The pace of soybean planting in Argentina has accelerated following the rainfall recorded in recent weeks, while in regions where rainfall has been less favorable, farmers are waiting for precipitation to continue planting. At this time, the country has sown 36% of the planned area (+3% per week).
The USDA’s Foreign Agricultural Service (FAS) previously projected that the country would produce a record 52 million tons of soybeans, but the industry will face a number of difficult challenges due to weather conditions, economic pressures, and production practices.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon