The analysts of the grain exchange Rosario have the forecast for the wheat production in Argentina by 2022 million in 23/1,5 Tonnen reduced to the previously expressed estimate - to 15 million tons, which is also 35% lower than the previous season's production, reports Reuters.
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.
It is also forecast that the area under grain production in Argentina will increase by almost 2022 in 23/400.000 Hektar will shrink to 5,9 million hectares per year. The average grain yield is expected to be 2,72 tons/hectare.
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.