Argentina: producers decrease soybean crop weekly sales rate

Argentine grains producers have sold 69.8% of the 2021/22 soybean harvest so far, the country’s Ministry of Agriculture said on Thursday, just ahead of the 68.4% sales at the same point a year ago even as weekly sales slow.

Between Sept. 29 and Oct. 5, producers sold 375,000 tonnes of soybeans, below the 1.7 million tonnes sold in the previous week. The government ended a preferential exchange rate mechanism for soy exporters at the end of September.

This season’s soy harvest was 44 million tonnes, down from 46 million tonnes in the previous cycle.

Source: Canal Rural

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