Argentina: Good feelings about the new chickpea campaign

Published 2024년 5월 27일

Tridge summary

In Córdoba, farmers are planning to increase chickpea planting by 43% from the previous year, as reported by the Grain Exchange of that province. This is part of a larger recovery for the chickpea farming industry, which had seen a significant decline in recent years. The increase in planting is due to favorable climate conditions, including recent rainfall. The Córdoba Stock Exchange also anticipates a recovery in wheat planting areas. The International Research Institute for Climate and Society predicts a neutral climate phenomenon for the next quarter, but there is an increasing likelihood of La Niña later in the year.

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

Original content

While wheat planting projections continue to improve, there is another winter crop that is bubbling with optimism. It is about the chickpea: in Córdoba, the Grain Exchange of that province estimates a sowing that will be 43% higher than last year. Meanwhile, other factors that influence the planting decision of Córdoba producers are the climate forecast, as well as seed rotation and quality, although to a lesser extent. An important fact to take into account in this context is that these 23,400 hectares, if confirmed, will consolidate the recovery path of this legume that grew a lot in Córdoba during the last decade, to the point that it generated the installation of numerous processing plants and the birth of a specific cluster, but which also experienced a deep downturn. According to data from the Córdoba Stock Exchange, the chickpea had a dizzying growth in that territory starting with the 2015/16 season, reaching a record of about 85,000 hectares planted in the 2018/19 cycle. ...

Source: Suenaacampo