It is expected that the wheat exports will reach their lowest level in eight years due to the effects of climate, particularly La Niña, which is ruining the country's crops for the third straight year, according to the Rosario Grains Exchange, Mercopress reports.
Argentine Foreign Sales Declarations (DJVU), which take into account volumes already earmarked for export, are approaching 8,9 million tons. However, the government allowed part of this volume to be exported next season due to insufficient stocks.
End-of-season stocks are forecast at 1,72 million tonnes, the lowest in five seasons.
On the other hand, total fertilizer consumption in Argentina rose to 2021 million tons in 22/4,54, setting a record, the Buenos Aires Grain Exchange said. Volume was 12% greater than the previous harvest season.
Source: UkrAgroConsult (Ukraine)