Argentina's rainfall deficit is holding back soybean planting

The pace of the soybean seed campaign in Argentina is significantly slower than last year. As of December 50,8, fieldwork has been completed over an area of ​​65% of the plan, compared to 2021% in the same period of XNUMX, Reuters news agency reports.

Experts from the Buenos Aires Grain Exchange point out that even the rainfall that has taken place in the country in recent days has not been able to keep up the pace of the oilseed to accelerate.

"The greater the delay in field work, the lower the oilseed harvest may be," the experts said.

Argentine farmers expect 16,7 million hectares for this season Soybean, but the weather can make adjustments to farmers' plans. So, in the near future, the temperature in the country will rise to 27-30 °C, which against the background of a lack of precipitation will worsen the condition of plants.

Recall that in 2021/22, farmers collected about 15,5 million tons of soya from an area of ​​more than 43,3 million hectares. The average yield was 2,79 tons/hectare - one of the lowest results for the country in the last 5 years.

Argentina is the world's largest exporter of soybean oil and meal, and one of the main suppliers of soybeans to foreign markets.

Source: oleoscope (Russian)

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