Argentina's Agriculture Ministry trimmed its
outlook for 2012/13 wheat area on Thursday to 3.7 million hectares from 3.82
million hectares a month ago, further dimming the crop's prospects. The South
American country is the world's No 6 wheat exporter and the top supplier to
neighbouring Brazil. But the area planted with wheat is seen shrinking by about
20 percent this season, largely due to commercial problems.
"There were practically no rains during the month of July, which made it impossible to finish seeding all the area that was initially forecast," the ministry said in its monthly crop report. Farmers complain that government intervention in grains markets has slashed the profitability of wheat, pushing them toward cultivating more corn and soya.
Argentine growers planted 4.63 million hectares with wheat in the 2011/12 crop year, producing 13.19 million tonnes. The US Department of Agriculture forecasts that Argentine wheat production will fall to 11.5 million tonnes in the 2012/13 season, down from 15 million tonnes a year earlier.
The Buenos Aires Grains Exchange said on Thursday that farmers finished planting wheat on a total of 3.6 million hectares during the last week, down from 4.6 million hectares in the prior growing season. "Just under half of that area is concentrated in Buenos Aires province, where average moisture conditions for the crop's seeding, growth and development range from good to excellent," the grains exchange said in its weekly crop progress report.
After a dry July, rains have picked up the pace in August. In its report, the local ministry held its forecast for the recently harvested 2011/12 soya crop at 40.1 million tonnes and kept its 2011/12 corn output projection at 21 million tonnes. It did not give estimates for 2012/13 corn or soyabean area in Argentina, the world's No 2 corn exporter and No 3 soyabean supplier. The Buenos Aires Grains Exchange reported that farmers were nearly done harvesting 2011/12 corn, which it estimated at 19.3 million tonnes.
"The average national yield (is estimated at) 5.51 tonnes per hectare ... making this the lowest yield in the last 12 seasons," the exchange said, citing drought-related losses to early-seeded corn. Farmers have gathered 99 percent of harvestable corn area, advancing 1.2 percentage points in the last week and beating last season's tempo by 0.7 points. The 2011/12 soya harvest is over and the government said production fell 18 percent from the prior season, also because of the drought.
"There were practically no rains during the month of July, which made it impossible to finish seeding all the area that was initially forecast," the ministry said in its monthly crop report. Farmers complain that government intervention in grains markets has slashed the profitability of wheat, pushing them toward cultivating more corn and soya.
Argentine growers planted 4.63 million hectares with wheat in the 2011/12 crop year, producing 13.19 million tonnes. The US Department of Agriculture forecasts that Argentine wheat production will fall to 11.5 million tonnes in the 2012/13 season, down from 15 million tonnes a year earlier.
The Buenos Aires Grains Exchange said on Thursday that farmers finished planting wheat on a total of 3.6 million hectares during the last week, down from 4.6 million hectares in the prior growing season. "Just under half of that area is concentrated in Buenos Aires province, where average moisture conditions for the crop's seeding, growth and development range from good to excellent," the grains exchange said in its weekly crop progress report.
After a dry July, rains have picked up the pace in August. In its report, the local ministry held its forecast for the recently harvested 2011/12 soya crop at 40.1 million tonnes and kept its 2011/12 corn output projection at 21 million tonnes. It did not give estimates for 2012/13 corn or soyabean area in Argentina, the world's No 2 corn exporter and No 3 soyabean supplier. The Buenos Aires Grains Exchange reported that farmers were nearly done harvesting 2011/12 corn, which it estimated at 19.3 million tonnes.
"The average national yield (is estimated at) 5.51 tonnes per hectare ... making this the lowest yield in the last 12 seasons," the exchange said, citing drought-related losses to early-seeded corn. Farmers have gathered 99 percent of harvestable corn area, advancing 1.2 percentage points in the last week and beating last season's tempo by 0.7 points. The 2011/12 soya harvest is over and the government said production fell 18 percent from the prior season, also because of the drought.
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