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Argentina sees 2024/25 wheat planting area at 6.15 million hectares

Published May 21, 2024

Tridge summary

Argentina's government has announced plans to increase the planting area for the 2024/25 wheat crop to 6.15 million hectares, up from 5.9 million hectares in the previous cycle. This decision is subject to various factors, including economic conditions, soil humidity, and the potential impact of La Nina. Argentina is a significant wheat exporter, having harvested 15.9 million metric tons in the 2023/24 season. However, farmers face uncertainties due to low crop prices and the possibility of reduced rainfall caused by La Nina. Meanwhile, the Argentine government's soybean production forecast for the 2023/24 cycle remains unchanged at 49.7 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Argentina’s government on Thursday pegged the planting area for the upcoming 2024/25 wheat crop at 6.15 million hectares, above the 5.9 million hectares planted in the previous cycle. Factors such as economic conditions, soil humidity and the high probability of the occurrence of the weather phenomenon known as La Nina could affect planting area, the government said in a monthly report. Argentina is a key wheat exporter and harvested 15.9 million metric tons in the 2023/24 season, according to official data. Soil moisture “ranges from adequate to optimal in most cases, and if kept at adequate levels toward the planting date, will positively impact decision-making” regarding how much wheat farmers plant, the government said. But the government cautioned that producers remain uncertain due to crop prices and the impact of a possible La Nina ...
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