Argentina expects record 2021-22 wheat, corn production
BUENOS AIRES, ARGENTINA — Argentina’s wheat production is expected to reach record levels in 2021-22 along with wheat exports, according to a report from the US Department of Agriculture’s Foreign Agricultural Service (FAS).
Wheat production is estimated at 20.8 million tones with exports at 14 million tones (including wheat flour).
“Despite increases in agricultural input prices, farmers are continuing to make investments in improved seed varieties and agrichemicals to improve quality and yields, as they anticipate positive financial returns at current prices,” FAS said.
Exports in the first four to months of the new marketing year will most likely go to Southeast Asia and African countries. Exports to Brazil are stable throughout the year, with a projected total volume of 5.8 to 6.0 million tones, FAS said.
Corn production in 2021-22 is also forecast at a record of 51.5 million tones, in line with the past three crop seasons.
Exports are forecast at 37.4 million tones, 1.4 million tones higher than the USDA on higher production and beginning stocks.
11:19 - 7/08/2021 / Number : 19499 / Show Count : 101