Wheat farmers in Argentina have abandoned some plots due to drought, the exchange says

Wheat farmers in Argentina have abandoned some plots due to drought, the exchange says

Fields of wheat on farmland near Azul, Argentina on September 30, 2019. The picture was taken on September 30, 2019. REUTERS/Agustin Marcarian.

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BUENOS AIRES, Sept 15 (Reuters) – Argentine wheat farmers are starting to turn away some wheat shipments due to a prolonged drought, the major Buenos Aires grain exchange warned Thursday, raising concerns for the South American grain-producing country as producers struggling with lack of rain.

The exchange, which estimates 2022/23 wheat planting area at 6.1 million hectares (15.1 million acres), although it currently has no official production forecast, says in its report that some “farmers have begun to turn away planted area » wheat due to drought. spelling.

The exchange said that over the past month, the percentage of areas planted with wheat with normal or dry moisture increased from 29% to 46%, and the percentage of areas with normal or poor condition increased from 18% to 34%.

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Wheat planting was completed a few months ago and harvest is expected to begin in late October and November.

Agriculture and weather experts told Reuters that Argentina’s main agricultural zones are facing their driest conditions in about 30 years, raising fears of a new “great drought” as well as a suspension of corn crops.

The country ranks first in the world in the export of processed soybean oil and meal, third in corn and a key exporter of wheat.

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Reporting by Maximilian Heath; Edited by Adam Jourdan and Marguerite Choi

Our standards: Thomson Reuters Trust Principles.

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