BUENOS AIRES, Aug 10 (Reuters) – Argentine growers have offered 26.eight million tonnes of soy from the not too long ago harvested 2020/21 season, the Ministry of Agriculture mentioned in a report that was issued on Tuesday and included knowledge up to date by way of Aug. 4.
The tempo of gross sales of the oilseed was behind that of final yr, when gross sales of 28.9 million tonnes had been registered by the identical date, in keeping with official knowledge.
Argentina is the world’s No. 1 exporter of soymeal livestock feed used to fatten hogs and poultry from Europe to Southeast Asia. Harvest of the 2020/21 crop resulted in June at 43.5 million tonnes, down from 49 million tonnes collected within the 2019/20 season, in keeping with the Buenos Aires Grains Change.
Agricultural export {dollars} are key to the federal government’s purpose of pulling out of a three-year recession that was exacerbated final yr by the coronavirus pandemic.
Argentine farmers have offered 36.Four million tonnes of their 2020/21 corn crop to date, the ministry mentioned within the report, about three million tonnes greater than had been offered by this time final yr.
(Reporting by Agustin Geist, writing by Hugh Bronstein; enhancing by Richard Pullin)
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