March 14, 2012

Argentina's 2012 corn yield likely steady

A senior Buenos Aires-based trading executive said Tuesday (Mar 13) that Argentina's 2012 corn output is likely to total 21.5-22 million tonnes, slight changed from 2011.

Due to dry weather, farmers planted some varieties of corn later than usual this year and they have generated above-average yields, Freddy Pranteda, Cosur SA's director for grains and oilseeds, said ahead of an international grains conference here.

Output has jumped outside the main corn-growing region, largely offsetting declines elsewhere due to drought, Pranteda said.

Argentina produced 21.6 million tonnes of corn last year, he said.