Soybean harvest in Argentina in 2023/24 MY will be a record
Argentine farmers can harvest a record 52 mln tonnes of soybeans in 2023/24 season, which is 32 mln tonnes higher than in 2022/23. This forecast was voiced by the analysts of Rosario Grain Exchange.
According to their estimates, the country will also produce a record corn harvest of 60 mln tonnes (+24 mln tonnes compared to 2022/23 MY).
“Heavy precipitation caused by the El Niño climate phenomenon has a positive impact on plant development, and Argentina has a very good chance of a high yield of major crops,” the experts explained.
At the same time, they do not rule out that production forecasts are likely to continue to rise.
Read also
Ukraine 2026–2030: Global Drivers and Local Transformation
US corn planting seen down, soybean acres up as Iran war drives up costs
Following crude oil: Agriculture may be the next victim of the global shock
Tunisia’s olive oil exports rise in volume but revenues fall on lower prices
China launches investigation into US trade practices
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon