Argentina’s Wheat Harvest Surpasses Expectations
Argentina’s wheat crop is exceeding earlier forecasts, with better-than-expected yields reported during the ongoing harvest. The Buenos Aires Grain Exchange has raised its production projection to around 18.6 million metric tons. Additionally, planting for soy and corn is progressing well, benefiting from recent rains. The soy planting area spans 18.6 million hectares, and corn covers 6.3 million hectares.
Argentina’s wheat crop is poised to surpass earlier projections, according to a report from the Buenos Aires Grain Exchange released on Thursday. With the harvest currently underway, farmers have reported better-than-expected yields, prompting the exchange to consider a positive adjustment to the production forecast.
As harvest efforts reach the halfway mark, the exchange highlighted that recent weeks have seen surprisingly high yields. Argentina stands as one of the world’s major wheat and corn exporters, and the current projection estimates the wheat harvest at around 18.6 million metric tons.
Simultaneously, planting for soy and corn is progressing rapidly, with the moist soil from recent rains providing favorable conditions for growth. The exchange states the soy planting area covers about 18.6 million hectares, while corn occupies roughly 6.3 million hectares.
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Source : Devdicourse
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