Wheat and corn harvest expected to decline in Uruguay

Published 2024년 4월 25일

Tridge summary

Uruguay's wheat production is projected to hit a record 1.56 million tonnes in the 2023-24 season, thanks to advanced farming technologies and favorable weather. However, a slight decrease is expected in the 2024-25 season. Corn production is anticipated to surpass 1 million tonnes for the first time in the 2023-24 season, but a decrease is expected in the following season due to lower prices and potential drought. The cultivation area for rice is projected to be the highest since the 2017-18 season at 163,000 hectares.

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Original content

Wheat production in 2023-24 is estimated at a record 1.56 million tonnes. Given record wheat harvests in the past two years, Uruguay farmers plan to increase plantings in the 2024-25 season, but overall production is expected to decline slightly, the US Department of Agriculture (USDA) Foreign Agricultural Service (FAS) said in a report. Production in 2023-24 is estimated at a record 1.56 million tonnes. “The technologies used by farmers and excellent weather resulted in an excellent harvest,” FAS said in a statement. Production in 2024-25 is estimated at 1.3 million tonnes. Exports in 2024-25 are estimated to fall to 800,000 tonnes from a decade high of 1.13 million tonnes in 2023-24. Corn production will cross the 1 million tonne mark for the first time in 2023-24, reaching 1.55 million tonnes. Production is expected to fall 35% to 1 million tonnes in 2024-25 as corn prices fell 40-50% over the year. In addition, drought is again expected in the country next spring and summer. ...

Source: Zol