LatinNews Daily - 12 January 2023

In brief: Drought continues to impact harvest in Argentina

*The Buenos Aires grain exchange has said it could cut its forecast for Argentina’s 2022-2023 soybean and maize production by around 25% if a prolonged drought continues to impact the country’s agricultural regions. In a report documenting the impact of the drought, the exchange forecasts a worst-case scenario of 35.5m tonnes (t) of soybean and 37.8m t for maize if severe drought continues. It also provides a forecast of 41m t for soybean and 44.5m t of maize in case of more moderate weather. The worst-case scenario forecast represents a 26% drop from the 48m t of soybean forecast in September and down 24% on the 50m t of corn previously forecast. The grain exchange states that the climatic situation will lead to a fall in gross agro-industrial product of US$11.03m (21%) as compared to the previous harvest under the more moderate scenario, with a drop of US$15.74m (30%) in the worst-case scenario. 

End of preview - This article contains approximately 160 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.