Drought losses in Argentina go far beyond field damage, soybeans with the worst crop in history

Published 2023년 3월 14일

Tridge summary

Argentina is experiencing its worst grain harvest on record due to adverse weather conditions, including heat waves and severe drought, leading to significant losses and increased production costs. This crisis is affecting not only farmers but also municipal economies dependent on agribusiness and causing problems for the government in terms of foreign exchange earnings as exports are disrupted. Despite these challenges, producers are awaiting signs of a potential government response, such as a reduction in export taxes or financial support. This situation is also creating opportunities for Brazil to increase soybean crushing and export soybeans to Argentina to help offset the shortfall in supply.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The worst grain harvest in the history of Argentina is the summary made by the director of Globaltecnos, Sebastian Gavalda, in an exclusive interview with Agricultural News this Tuesday (14). The subsequent episodes of adverse weather of all kinds, especially with heat waves and months of terrible drought, were the "perfect" composition for the scenario to be drawn in this way. Estimated losses are billions, since not only was it lost in the field, but production costs were, on average, about 50% higher in the annual comparison. "Increase in costs, loss of production, today results in a break in the whole country. It did not happen in just one region, although there are places that are a little better, others worse. It is a very severe break for the agricultural producer", explains the analyst. In addition to the losses in the field, the problems also extend to the economies of municipalities that have their income generated by agribusiness, stagnant businesses and also serious ...

Source: NoticiasAgricolas