Poor wheat crop in Argentina, which is expected to limit exports
Argentina is expected to trim the quantity of 2012/2013 wheat destined for overseas shipment to 4.5 million tons from a previous 6 million due to a smaller than forecast harvest, a local newspaper reported on Saturday.
Argentina's government curbs wheat and corn exports to ensure ample and affordable domestic supplies of food.
The wheat harvest in grains powerhouse Argentina will be smaller than expected and of poorer quality this season as farmers slog through waterlogged fields, trying to save their crops from toxic fungi bred by too much rain.
Argentina's government has already advanced exporters that grain giants like Cargill and Bunge will see a reduction in the quantity of export permits to ensure local supply, according to La Nacion newspaper.
The announcement comes at a time when world grain markets are contemplating the risk of prolonged supply tensions. Consumer nations have seen their wheat bills soar this year and Argentine supply has been eyed to help cap prices.
Argentina's government forecasts the 2012/13 wheat crop at 11.1 million tons, recently marked down from 11.5 million.
But with more than 26% of the harvest already collected, yields have been poor, prompting some analysts to reduce their projections for the full crop.
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He's gonna love this ! ;-)
You should have seen the weather over the winter! And it is still throwing it down over the pampas, I know because we get it as well if the wind changes direction and blows it over Uruguay.
Still, it couldn't happen to a nicer bunch of crooks.
Well done Yankeeboy. BTW what's the betting the numbers are wrong?
im quite suprised we havent seen flash floods and tidal waves.
the forecast for this month says expect thunder storms on the 15th 17th followed by yet more Argentine tears...
Argentina is turning into the Zimbabwe of South America.
Add a few zeros onto the currency..maybe nobody will notice
Barley para todos
idiots
The rain was diverted from Iran - probably by the usurping colonialist UK pirates.
www.dailymail.co.uk/news/article-2201377/Ahmadinejad-accuses-West-stealing-Irans-rain-AGAIN.html
Can you imagine the toxins!!
What a gross place
Farm machinery still can't plant because they are sinking in the mud
Bahahahahaaa
Barley para todos
I think we should promote you to Idiot-In-Chief to go with that famous brain of AG The Turnip In Chief as both of you have the same grasp on reality: NONE.
If AG do not export wheat, where do the US$ come from to pay for your imports? The tooth fairy or TMBOA bank account ha, ha, ha.
According to someone who HAS run the finances of the country and did far better than this gang of shitehawks you will need up to 13 BILLION US DOLLARS just to buy the energy that your fabulously poorly run YPF cannot get out of the ground.
Clue: the cupboards (and the vaults of your Central Bank) are bare. Get it now? Some hope.
Ordinary Argentines will be hit together with many others around the world - the Arg. government won't feel it at all.
I hope hope hope Chrissy is forced to buy wheat from the USA.
I will laugh and laugh
Has CFK written the book“ How to destroy a country in only 10 years” yet?
I want to buy it
“Quite frankly, I don't see any reason to gloat over the poor harvest in Argentina.
Ordinary Argentines will be hit together with many others around the world - the Arg. government won't feel it at all.”
I agree. An fleeting embarrassment for CFK, but a hardship for the working poor.
They are way behind planting Soy...way behind
I hope the crop is disastrous
absolutely disastrous
This is all coming together so nicely
No big deal Fred B., keep hoping...that your Argentinean wife doesn't take all your money baldy.
Hey Fred,
The daily mass shooting of the day in your beloved Yankeeland, not in a movie theater this time..in a shopping mall instead.
Like you said, absolutely disastrous.
www.cnn.com/2012/12/11/us/oregon-mall-shooting/?hpt=hp_t1
Off subject again!
Load of bollocks again!
Do you get paid extra for being a special idiot at La Camping It Up or do you get to suck the dick of the Chief Coke-Head, one Maximo himself?
#21 nothing wrong ever happens in UStopia, They seem to bomb a solution into every problem.
#23 is that how the brits do politics? No wonder they wear wigs and powder their nose. Haven't seen that in Argentina yet but thanks for keeping us updated.
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