Rosario and Buenos Aires stock exchanges estimate Argentina's soy crop at less than 30 million tons

The worst soybean crop in 20 years in Argentina. This was the news that the Rosario Stock Exchange brought this Thursday (9) by informing a new cut in its estimate for 2022/23 production to 27 million tons. The new number indicates yet another loss in Argentine production of 7.5 million. And with this break, the harvest is even smaller than the 2008/09, of 31.8 million tons, which also suffered from a very aggressive drought, according to historical data on the exchange. However, when compared with the record of the National Secretariat of Agriculture, this is the lowest harvest in the country since the 2000/01 season. The exchange also informed that the effects of the drought and the very intense heat also resulted in a record loss of area in Argentina cultivated with soy, which reaches 2.6 million hectares. This is an area lost that is three times the amount lost last year and twice as much as was lost since the last major drought in 2017/18. "Unfortunately, it is warned that ...