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BAGE: Argentina's wheat production for 2022/23 was further reduced

 Last Update: 2022-11-25
 Source: Internet
 Author: User

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Foreign media news on November 13: After assessing the damage caused by frosts in late October and early October, Argentina's wheat production for 2022/23 was lowered this week to 12.
4 million mt, down from 14 million mt expected a week ago, 2.
8 million mt lower than the 15.
2 million mt estimated two weeks ago and 39.
5%
below the exchange's initial estimate of 20.
5 million mt, according to a weekly report released by the Buenos Aires Grain Exchange (BAGE).

In the southern Argentine planting belt, frosts on 31 October and 1 November caused early interruptions in wheat filling
.
In northern Argentina, the wheat harvest is underway and yields are below the five-year average
.
The harvestable area this year has suffered a serious
loss.

If the latest forecast materializes, it will be 44.
6%
below the all-time high of 22.
4 million mt in 2021/22.

Argentine wheat sown area was 6.
1 million hectares, down 9.
0 per cent
from 6.
7 million hectares in the previous year.

In its November report, the USDA forecast Argentina's wheat production for 2022/23 was 15.
5 million mt, down from 17.
5 million mt forecast in October and down 30.
0% from the previous year's all-time high of 22.
15 million mt; Wheat exports are expected to fall to 10 million tonnes, down from an all-time high of 16.
25 million tonnes
last year.

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