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.
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