Corn production in Argentina could reach 56.50 million tons

Published 2024년 1월 31일

Tridge summary

Argentina's corn sowing for the 23/24 harvest is nearly complete, with 97.20% of the estimated 7.20 million hectares already sown, marking a 3.10 percentage point increase from the previous year. The crop conditions have significantly improved, with 41.00% of areas classified as excellent and 53.00% in normal conditions, a notable improvement from the 22/23 harvest that was affected by the La Niña phenomenon. The Cereals Exchange forecasts a 66.18% increase in corn production, expecting to reach 56.50 million tons in the current cycle.

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

Original content

Argentina faced final corn production negatively impacted by the La Niña phenomenon The Cereales Exchange released the latest data on corn sowing in Argentina, referring to the 23/24 harvest on 25/01. According to the report, 97.20% of the 7.20 million hectares estimated for the cycle have already been sown, representing a weekly advance of 4.50 percentage points. According to information from the Mato-Grossense Institute of Agricultural Economics (Imea), this number is 3.10 percentage points higher compared to the same period in the 22/23 harvest. With regard to crop conditions in the country, 41.00% of areas are classified as excellent/excellent, while 53.00% are in normal conditions. These values indicate an increase of 29.00 percentage points and 3.00 percentage points, respectively, compared to the 22/23 harvest. It is important to mention that, in the 22/23 harvest, Argentina faced final corn production negatively impacted by the La Niña phenomenon, due to lower rainfall ...

Source: Abramilho