BUENOS AIRES, March 25 (Reuters) - Argentine farmer
BUENOS AIRES, March 25 (Reuters) – Argentine farmers have offered 12.45 million tonnes of 2020/21 soybeans, after registering transactions in per week for 552,500 tonnes, the Ministry of Agriculture mentioned late on Wednesday in a report with knowledge for the season up till March 17.
The soybean harvest for the present marketing campaign is anticipated to be round 44 million tonnes, based on the Buenos Aires grains alternate, hit by late-season drought. The federal government has not but made a manufacturing estimate for the crop.
The ministry identified that the pace of soy gross sales is slower than a 12 months earlier, when on the similar date it had registered soybeans gross sales of 17.45 million tonnes. The soy harvest within the 2019/20 season was 49 million tonnes.
With 2020/21 corn, farmers have offered 19.6 million tonnes, 1.5 million tonnes lower than on the similar level a 12 months in the past, based on official knowledge. The Buenos Aires grains alternate is forecast a corn harvest of 45 million tonnes.
Gross sales of wheat have hit 11.33 million tonnes, virtually a 3rd much less versus final season’s tempo, the ministry mentioned. The federal government estimates the 2020/21 wheat harvest at 17.6 million tonnes.
Argentina is the world’s largest exporter of processed soybean oil and meal, the third largest international exporter of corn, and a key provider of wheat.
(Reporting by Agustin Geist and Maximilian Heath; Writing by Adam Jourdan Modifying by Sonya Hepinstall)
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