Argentina: What is expected for the 2023 grain market, according to the Rosario Stock Exchange?
Argentina
Published Jan 2, 2023
Tridge summary
Amid great uncertainty, the following report from the Rosario Stock Exchange presents a statistical projection of the supply and demand of grains for the 2022/23 campaign.
Original content
In the midst of great uncertainty, the following report from the Rosario Stock Exchange presents a statistical projection of the supply and demand of grains for the 2022/23 campaign: Regarding winter cereals, the 2022/23 campaign had to deal with unfavorable prospects from the start: in the first instance, the costs of fertilizers skyrocketed due to the Russian-Ukrainian conflict and, despite the fact that the prices of grains in general and of cereals in particular also reacted to the rise, the margins for producers were tighter than previous years when planting was considered. Secondly, the autumn rains were less than usual, affecting the humidity profiles to advance with the work. As the year progressed, the dry pulse spread and the vast majority of winter cereals did not receive enough water at critical grain filling moments, seriously affecting production. On top of this, late frosts were added, averaging spring in a good part of the national territory, which ended up giving ...
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