The experts at the Rosario exchange have lowered their forecast for the wheat harvest in Argentina

The analysts of the grain exchange Rosario have the forecast for the wheat production in Argentina in 2022/23 cut by 1,5 million tonnes from the previously voiced estimate - to 15 million tonnes, which is also 35% below the previous season's production, Reuters reports.

Experts attribute the downward revision for the ongoing drought and frosts in key wheat-growing regions, particularly Cordoba and Santa Fe, to the country's ongoing drought. In particular, Santa Fe is experiencing a sharp drop in grain production calculated – by 48% per year to 2,6 million tons.

Es wird auch prognostiziert, dass die Getreideanbaufläche in Argentinien im Jahr 2022/23 um fast 400.000 Hektar pro Jahr auf 5,9 Millionen Hektar schrumpfen wird. Der durchschnittliche Getreideertrag wird mit 2,72 Tonnen/Hektar erwartet.

Recall that experts from the Buenos Aires Grain Exchange have lowered the forecast for wheat production in the country by 5,7% from the preliminary estimate to 16,5 million tons, while according to their estimate, wheat production in 2021/22 is 22,4 million tons of fraud.

All news