September 16, 2022
Wheat farmers in Argentina abandon some lots because of drought
The major Buenos Aires grains exchange said wheat farmers in Argentina have begun to abandon lots of wheat because of the protracted drought in the country, a concern as growers cope with poor rainfall, Reuters reported.
Although there is currently no official production forecast, the exchange, which estimates the 2022–23 wheat planting area at 6.1 million hectares (15.1 million acres), stated in a report that some "farmers have begun to give up harvestable area" of wheat due to the dry spell.
According to the exchange, the percentage of wheat-sown land with regular or dry humidity increased from 29% to 46% in the past month, while the percentage of lots with regular to poor conditions increased from 18% to 34%.
Wheat harvesting is anticipated to begin in late October or early November after wheat planting was finished months ago.
Agricultural and weather experts told Reuters that Argentina's main farming regions are experiencing the driest conditions in about 30 years, raising concerns about a new "great drought" and delaying corn planting.
The nation ranks first in the world for processed soy oil and meal exports, third for corn, and a significant exporter of wheat.