Argentina ends 2021-22 wheat harvest at record 21.8 mil mt on robust yields
Wheat
Argentina
Published Jan 23, 2022
Tridge summary
Argentina has harvested a record 21.8 million mt of wheat in marketing year 2021-22 (December-November), the Buenos Aires Grain Exchange said, which was up 28% on MY 2020-21. The increase in Argentina’s wheat output assumes significance amid global tightening of supplies and limitations on exports from different countries. The exchange had projected the harvest at 21.5 million mt in a Dec. 23 report. The previous record was 19 million mt in MY 2018-19.
Original content
Farmers had sown over an area of 6.6 million hectares and saw an average national yield of 3.4 mt/hectare, according to BAGE, which said that despite the ongoing La Nina event, output rose to record levels due to adequate distribution of showers spatially. Of the total wheat crop, 87% was in excellent-to-good condition while 13% was in a fair condition.In the World Agricultural Supply and Demand Estimates report Jan. 9, the US Department of Agriculture increased Argentina’s wheat output forecast to 20.5 million mt, from 20 million mt in its December report. Exports seen rising According to the exchange, Argentina’s wheat exports for MY 2021-22 were pegged at 13.3 million mt. In MY 2020-21, Argentina exported 11.2 million mt of wheat. Argentina has, however, imposed a limit on its exports amid rising external demand for its crop to keep inflation in check. The agriculture ministry Dec. 17 capped wheat exports for MY 2021-22 at 12.5 million mt. The USDA has pegged Argentina’s wheat ...
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