Argentina 2020-21 soybean harvest seen at 50 mln tonnes -Rosario exchange
BUENOS AIRES, Sept 9 (Reuters) - Argentina's soybean harvest for the 2020-21 campaign is forecast to be around 50 million tonnes, the Rosario grains exchange said on Wednesday, the first indication of the potential size of the grain-producing country's main cash crop.
Argentina, the world's top exporter of processed soy, will likely increase its area for soybean planting around 0.6% versus a year earlier to some 17.3 million hectares, the exchange said. Argentina's 2019-20 soybean harvest was 50.7 million tonnes.
The exchange forecast wheat production at 18 million tonnes, at the lower end of its previous 18-19 million tonnes estimate.
"The last fortnight of August passed with almost no rain and with successive frosts, in many cases black ice, which have aggravated the condition of wheat and lowered expectations for national production," the Rosario exchange said.
Argentina is the world's leading exporter of soybean oil and feed, the third largest in corn and a major supplier of wheat.
Regarding corn, the exchange projected a 2020-21 harvest of 48 million tons.
"The changes in external prices are encouraging corn even in a year where the climate has become the main adversary of the crop," the exchange said. (Reporting by Eliana Raszewski; Writing by Adam Jourdan; Editing by Leslie Adler)
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