In the presentation of the “Agricultural Results”, average price increases of 13.36% were reflected for wheat, which went from US$247 per ton in December 2021 to US$280 in March of this year, 39.70 % for corn (from 204 to 285 u$s/tn), 45.90% for soybeans (from 329 to 480), 16.28% for sorghum (from 215 to 250) and 14.28% for barley (from 245 to 280).
A special case was that of sunflower, which went from US$430 per average ton in December to US$700 in March, with an increase of 62.79%.
The Undersecretariat noted in its report that the general increase in prices “occurs at a time when Russia and Ukraine are at war,” something that “generates large distortions in the price of grains and energy”.
“This situation generates a lot of price volatility and in short to very short periods of time,” he added, while recommending “bearing in mind” this circumstance “in the decisions to be made regarding the technology to be applied and in future comparisons of the results versus to previous reports.
These price increases were the main reason for the increase in gross margins in own fields, which in the period considered had rises of 25.72% in the case of sunflower, which went from an average of US$727 to US$914 per hectare. , the highest values but at the same time the lowest percentage of increase among the cereals selected by Agriculture.
Greater were the increases in gross margins for corn (31.38%), first-class soybeans (32.79%), second-class soybeans (43.09%) and especially wheat, which went from 152 to 282 u$s/ha, with an increase of 85.52%.
But the Undersecretariat warned in its report that “the increase in grain prices makes leases expressed in dollars more expensive” and therefore, “although the result in own fields is favorable, in leased fields in some cases it is negative”, as in the case of corn, which reduced its net margin by 10.85%.
In this regard, it indicated that “the increase in the price of soybeans, maintaining rents in quintals of soybeans/ha, results in a reduction in net margins (with lease) between -179 US$/ha and -445 US$/ha “.
The average values consigned in the report were exceeded in the North Core Zone, which in the case of own farms showed a gross margin per hectare of US$1,043 for Wheat/Soybeans, US$1,003 for premium soybeans, or US$983 for barley/soybeans and US$922 for sunflower.
In the Southern Core Zone, the best gross margins per hectare were US$1,266 for sunflower, US$1,145 for barley/soybeans, US$1,072 for wheat/soybeans, and US$1,039 for premium soybeans.
Finally, in western Buenos Aires and northern La Pampa, the best margins were US$1,056 for sunflower, US$931 for wheat/soybeans, US$900 for barley/soybeans and US$806 for soybeans. of first
Source: Ambito
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