In addition, he stressed that “Argentine soybeans continue to collapse, since production falls 7% from January to February, from 37 million to 34.5 million tons.”
“After a momentary relief, Argentina continues to suffer a very delicate scenario. 7.5 million tons of corn are considered lost and it is estimated that with 42.5 million it will be the worst Argentine harvest in the last five years“, highlighted the GEA.
In terms of yield, he indicated that “with 64.1 quintals per hectare, it is the fourth worst mark in 15 years despite the enormous technological leap of the crop, the increasing doses of fertilization and the unprecedented fact that late plantings occupy almost 75 % of the national sowing area”.
As for soybeans, this new estimate for the oilseed “continues to show the impact of the worst drought in the last 60 years in Argentina and the lack of a strong climate response to put an end to the losses.”
According to the analysis, “The February cut is 7% compared to the figure for January, going from 37 million to 34.5 million tons.”
In this way, he pointed out that “it will be the second worst national harvest of the last 15 years, already being lower than that of 2017/18, of 35 million tons.”
“Unfortunately, as warned in January, a strong adjustment of area losses was made, especially in second-rate soybeans. The 504,000 hectares at that time are updated to 1 million. Buenos Aires heads the list of lost area with 301,000. They are followed by Córdoba with 222,000 and Santa Fe with 160,000.”specified the Rosario Stock Exchange.
With this new figure, the entity highlighted that “there will be 18% less harvest than a year ago, which was also affected by the lack of water,” and noted that “the national yield has dropped from 24 quintals per hectare in January to 23 in February”.
