Argentina exchange trims wheat harvest outlook

The wheat harvest in Argentina during the 2022/23 season will likely come in at 18.5 million tonnes, down from 19 million tonnes previously estimated, the Rosario grains exchange said early on Thursday, citing reduced planting by farmers due to dry weather.

The exchange cut its forecast for the planting area of the crop to 6.2 million hectares, the lowest in 12 years. That was down from a 6.35 million-hectare estimate previously.

The planting of the crop is ongoing.

Please find below the track record of Argentine wheat exports in containers in the period between January 2021 and April 2022. The data below is from the platform DataLiner.

Wheat Exports from Argentina in Containers | Jan 2021 – April 2022 | TEU

Source: DataLiner (click here to request a demo)

Argentina is a key exporter of wheat, a role which has grown due to tight global supply linked to the war between Russia and Ukraine, both major producers.

The exchange says Argentina produced a record 23 million tonnes of wheat last season.

Source: Nasdaq

To read the full original article, please go to:

https://www.nasdaq.com/articles/argentina-exchange-trims-wheat-harvest-outlook-as-dry-weather-hits-planting

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