Argentina's Chickpea Harvest Expected to Not Reach Initial 2023 Forecasts Due to Nov-23 Rainfall

The chickpea harvest in Argentina is ongoing, but rainfall in Nov-23 is reported to have reduced yields, particularly in the main production areas of Salta, Cordoba, and Tucuman. The rain, concentrated in the Tucuman region, is rumored to have impacted quality, with Tucuman experiencing lower quality overall. While final production figures are not yet available, it is anticipated that the forecasted 120 thousand metric tons (mt) in 2023 will not be reached. The current estimates suggest a range of 70 thousand mt to 80 thousand mt, still exceeding 2022's production of around 30 thousand mt.