MercoPress. South Atlantic News Agency
Despite poor weather Argentina expects a 2018/19 wheat crop of 19 million tons
The Rosario Grains Exchange on Wednesday slashed its forecast for the season to 19 million tons, also citing poor weather in Argentina. Frost and a lack of rain could scale back Argentina's wheat crop for the 2018-19 season, which is currently seen at a record 19.7 million tons, the Buenos Aires Grains Exchange said on Thursday.
According to the exchange's weekly report, a lack of moisture in the soil in northern Argentine provinces and late frosts in the central agricultural region could affect crop yields.
The Rosario Grains Exchange on Wednesday slashed its forecast for the season to 19 million tons, also citing poor weather in Argentina.
The Buenos Aires Grains Exchange also said farmers are still in the stage of sowing the 2018-19 corn crop and have so far planted 26.9% of the 5.8 million hectares dedicated to the harvest, which could grow to a record 43 million tons.
Argentina is a key global exporter of wheat and soy, and the world's third largest supplier of corn.
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Read all commentsSo, despite the soon to come Enrique-indubitable-fact that evil, evil, evil Macri has caused drought and frost, Argentina is expecting a good 2018/19 wheat crop?
Oct 13th, 2018 - 01:09 am +1Don Alberto would be much better off posting his own opinions instead of trying to guess those of others.
Oct 13th, 2018 - 02:41 am -1Something is deeply wrong when a developing country such as Argentina is holding its breath on the weather to know how things will be next year. Add to that the wild swings of commodity prices, and you will begin to understand the absolute ridicule of trying to take the country back to the early 20th century's golden agro-exports age.
But hey, why Macri needs to worry? As long as a few cheerleaders under Don Alberto's direction keep clapping, the president, like a modern Nero, can keep dreaming he is the darling of the U.S., the IMF and the G20 while the country goes down in flames.
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