Argentine wheat harvest predictions up despite ongoing drought
Argentina’s wheat harvest is expected to be up this year despite the ongoing drought.
The Buenos Aires Grains Exchange predicts the 2023-2024 crop will come in at 18 million metric tons, up 45 percent from last year.
This past season, wheat was severely damaged by lack of rainfall and farmers were only able to harvest 12 million metric tons, which represented a 10 million metric ton decline from the 2021-2022 crop.
This new estimate increase is below the USDA‘s estimate of 19.5 million tons.
Read also
Preslav Raykov, Eleen Marine Group, Bulgaria – Speaker at BLACK SEA OIL TRADE-2025
John Deere’s third-quarter profit fell by a quarter
Export prices for barley in Ukraine are rising amid low supply
Rain forecasts in Ivory Coast put pressure on cocoa prices
Russia has returned to systematic supplies of stolen Ukrainian grain to Syria
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon