Argentina corn output seen below 48 mln tns amid severe Drought -Exchange
Mar, 07, 2022 Posted by Sylvia SchandertWeek 202210
Argentina’s 2021/22 corn crop is now expected to total less than 48 million tonnes, the major Rosario grains exchange said on Friday, as a severe drought slashed yields in the South American agricultural powerhouse.
The exchange — which is headquartered in one of the world’s largest grain export hubs — cut its forecast for the corn crop in the country’s important core farming region by 1.5 million tonnes to 12.8 million tonnes.
It had previously expected Argentina’s main agricultural zone to harvest 19.2 million tonnes of corn this season. The exchange also said that new revisions are not yet ruled out.
“The harvest is confirming just how violent the unusual weather impact was. This week’s estimate shows that 33% of the initially expected output was lost,” the Rosario grains exchange said late on Thursday.
Corn yields are expected to reach their lowest level in 10 years due to the lack of rain and high temperatures seen in late December and early January, it said.
Argentina’s soybean output, which was also hit by drought, was estimated at 40.5 million tonnes this season.
The South American country is the world’s largest exporter of soymeal and soyoil, and the second largest corn exporter.
Source: Money Times
To read the full original article, please see:
-
Grains
Mar, 18, 2019
0
56 vessels carrying soy beans left Brazil in the first 10 days of March, with 33 destined for China, according to Datamar’s new DataLiner for Bulk Cargoes dashboard-based product
-
Meat
Dec, 18, 2020
0
2020 Brazilian meat exports up 8.8% YoY
-
Grains
Jun, 04, 2021
0
Brazilian soybean exports up 16% in May and surpass 50 million tons in the year
-
Ports and Terminals
Jun, 30, 2022
0
São Francisco do Sul is Brazil main entryway for imported steel