Sale of future crops in Argentina slower than last year

2021-03-29 12:02:20
Machine translation
Sale of future crops in Argentina slower than last year

in Spite of the high world price of soybeans and corn, in anticipation of further growth of agricultural producers in many countries, particularly Ukraine and Argentina kept the sale. But now sales of reexporting 8 million tons of Ukrainian corn complicate the increase in the supply of corn from Argentina.

 

According to the Ministry of agriculture of Argentina, as of March 7, farmers have implemented 12,45 million tons of soybean crop 2020/21 MG, whereas on the same date last season, the sales were of 17.45 million tons of soybeans.

 

In office has not yet released estimates of gross yield of soybean in the country, although experts Grain exchange Buenos Aires predict that it will be reduced to 44 million tons due to unfavorable weather conditions. Harvesting soybeans in Argentina, according to experts exchange have not started yet.

 

Export sales of corn harvest 2020/21 MG compared to the same period of the previous season decreased by 1.5 million tonnes to 19.6 million tons, and the total corn crop in the country, analysts Grain exchange Buenos Aires is estimated at 45 million tons.

 

Export sales of wheat in comparison with the previous season decreased by almost a third to 11.33 million tons, whereas in General, the estimates of the Ministry of agriculture of Argentina, the country has harvested 17.6 million tons of wheat.

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