The wheat harvest in Argentina increased by more than 28% in the 2023/24 cycle

Published 2024년 1월 31일

Tridge summary

Argentina's wheat production for the 2023/2024 campaign saw a 23.8% increase from the previous cycle, concluding with a harvest of 15.1 Mtn. Despite this increase, the harvest was 15.6% lower than the average of the last five cycles, with the cultivation area being the smallest due to lack of humidity for sowing. The average yield was 28.4 qq/Ha, higher than the previous cycle but lower than the five-cycle average. However, a projected 29% drop in wheat prices could reduce its economic contribution by 9% by 2024, despite an expected 84% recovery in wheat exports, generating $2.4 billion in revenue.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(NAP) Argentina's wheat production, corresponding to the 20223/2024 campaign, concluded with a harvest of 15.1 Mtn, an increase of 23.8%, compared to the previous cycle. But if the results of the last five cycles are taken, measured between 2018/2023, the reduction in harvests was 15.6%. The historical average was 17.9 Mt. According to the report published by the Agricultural Estimates Department of the Buenos Aires Cereal Ball (BCBA), the area assigned to cultivation totaled 5.9 MHa, the lowest of the last five campaigns. The lack of humidity for sowing left out of the initial projection about 400 hectares concentrated in the West of Buenos Aires-North of La Pampa, North Nucleus, South Nucleus and South of Córdoba. The campaign ends 3.1 MTn below the initial launch scenario as a result of the reduction of the implanted area, which was affected by late frosts recorded at the beginning of October and a large part of the center of the agricultural area affected by water stress ...

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