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Argentina revises wheat harvest down to 19.2m tons in the 2018/19 crop year
Nov, 28, 2018 Posted by datamarnewsWeek 201848
The Buenos Aires Grain Exchange has revised its forecast downwards for Argentina’s wheat harvest from 19.4m to 19.2m tons in the 2018-29 crop year. Meanwhile, the country’s wheat stock price is expected to rise after December and January as supply gets scarce. It is believed that the wheat price for December loading will be at US$218 per ton FOB and in January at US$222. According to Argentina’s soy industry chamber (ACSOJA), the country’s hope to ship soymeal to China has stalled due to China first wanting to inspect local crushing plants. Argentina is keen to seize the opportunity to ship soymeal to China whilst the trade war between the US and China continues.
Supporting Sources:
https://www.hellenicshippingnews.com/argentinas-2018-19-wheat-harvest-seen-at-19-2-mln-tonnes-exchange/
Argentina’s 2018-19 wheat harvest seen at 19.2 mln tonnes -exchange
Argentina’s 2018-19 wheat crop is seen at 19.2 million tonnes, lower than the 19.4 million tonnes estimated previously, the Buenos Aires Grains Exchange said.
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