Because of Argentina's worst drought in 30 years, prospects for corn production are deteriorating

Im corn belt Argentina's worst drought in the last 30 years persists, affecting the outlook for the grain production deteriorated significantly in 2022/23, reports Reuters.

As reported, the drought in Argentina has lasted almost four months and forecasters predict that the rainfall deficit will continue.

In this Zusammenhang, the experts of the Rosario Stock Exchange are expected to carry out a downward revision of the country's corn areas in their September report, while a month earlier they reported a value of 8,2 million Hektar had predicted.

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