Content ID

334901

Argentina weekly soybean sales slow -ministry

BUENOS AIRES, Oct 18 (Reuters) - Argentine grains producers have sold 69.99% of the 44 million tonne 2021/22 soybean harvest so far, the country's agriculture ministry said on Tuesday, more than a year earlier even as weekly sales plummeted after a preferential exchange rate for exporters ended.

A year earlier, producers had sold 68.4% of the harvest.

Between Oct. 6 and 12, however, producers sold just 55,000 tonnes of soybean, well below a weekly average of around 1.1 million tonnes in September, when a preferential exchange rate mechanism for soy exporters remained in effect.

Producers also sold 68.9% of the 2021/22 corn crop, surpassing the 64.8% recorded at this time last harvest.

Corn planting for the 2022/23 cycle has already started in Argentina, but the Rosario grains exchange has said the sown area is the lowest in six years, as a consequence of harsh droughts and frosts.

Separately, about 5.37 million tonnes of 2022/23 wheat harvest have been sold so far, or 33.5% of the expected 16 million tonne-harvest. (Reporting by Belen Liotti; Editing by Sandra Maler)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Tip of the Day

Puncture spray cans

Spray can puncture The local scrapyard wouldn’t accept empty aerosol containers unless there was a hole in the can. So I glued a PVC cap to one end of a pipe... read more

Talk in Marketing

Most Recent Poll

Will you have enough on-farm storage for harvest?

I just want to see the responses
45% (30 votes)
Yes
37% (25 votes)
No, it’s going to be a bin-buster
9% (6 votes)
Maybe, depending on yields
4% (3 votes)
No, I am looking at new bins or temporary storage
4% (3 votes)
Total votes: 67
Thank you for voting.