Argentina 2012-13 soya area seen 19.35 million hectares

November 23, 2012

 

Soya

Argentina’s 2012/13 soyabean planting area is expected to be 19.35 million hectares, the Agriculture Ministry said in its monthly crop report on Thursday, leaving its previous forecast for the season unchanged. The Argentine government says the country can produce 55 million to 58 million tonnes of soyabeans this crop year if the weather co-operates.

Rain patterns have normalised in recent weeks after an unusually heavy three-month spate of showers starting in August. But farmers warn that flooding in breadbasket province Buenos Aires will reduce yields compared with early-season estimates. The South American grains powerhouse is seen producing 11.1 million tonnes of wheat in the 2012/13 crop year, down from the government’s previous forecast of 11.5 million tonnes, the report said. Corn planting area was also marked down to 4.7 million hectares from a previous estimate of 4.97 million, the report said.

 

Courtesy: Reuters

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