Culture

Argentina wheat crop forecast increased to 20.3 mln tonnes - exchange

Credit: REUTERS/AGUSTIN MARCARIAN

Argentina's 2021/22 wheat crop is expected at a record 20.3 million tonnes, the Buenos Aires Grains Exchange said in a report on Thursday, citing better than expected yields as the reason for increasing its previous 19.8 million tonne estimate.

Adds quote from exchange, details of harvest

BUENOS AIRES, Nov 25 (Reuters) - Argentina's 2021/22 wheat crop is expected at a record 20.3 million tonnes, the Buenos Aires Grains Exchange said in a report on Thursday, citing better than expected yields as the reason for increasing its previous 19.8 million tonne estimate.

The previous wheat harvest record in grains powerhouse Argentina was 19 million tonnes in the 2018/19 season, according to exchange data.

The wheat harvest started early this month, with 32.8% of the crop brought in so far, according to the exchange.

"With the advance of harvesting machines over the center of the agricultural area, the average yield increased to 2.4 tonnes per hectare. Faced with this improvement in yields obtained and expected in central and southern parts the farm belt, the crop projection increases to 20.3 million tonnes," the exchange said.

(Reporting by Maximilian Heath and Hugh Bronstein, Editing by William Maclean and Diane Craft)

((hugh.bronstein@thomsonreuters.com; 5411 4318 0655; Reuters Messaging: hugh.bronstein.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Leadership Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More