Argentina: Due to the increase in grain costs, the gross result for the producer falls in 2021/22

The first production estimates for 2021/22 foresee a record of 141.3 Mt of grains, with a local value of US $ 36,527 million. However, the high costs would lower the gross result of the production to US $ 13,330 million. Having already fully launched the sowing of the coarse crop 2021/22, the results that grain production will leave for Argentina in the new season can begin to be estimated. As long as it accompanies the weather, a fundamental factor in the current cycle with a Niña event already declared globally, based on the area of intention to plant each crop and a trend yield of recent years, grain production in Argentina would reach In the new season 141.7 Mt. If it materializes, this figure would exceed the record of 2018/19 when 141.3 Mt were harvested. In relation to prices, it has already been commented in these lines that given the high international prices of the main grains and by-products of the agribusiness sector projected for next year, 2021/22 would leave as a ...