In addition, the entity warned that “The short, medium and long-term scenarios are adverse for the country and it is feared that the next cut will leave the 2022/23 cycle with the worst production figure in this series of data.”
The lack of rain was the key factor for the drop in the production estimate for this campaign, which will be 5.2 million tons below what was obtained last cycle, when threshing totaled 42.2 million tons.
As detailed in the report of the stock exchange entity, Until a month ago, 17.1 million hectares (ha) were expected to be planted with the oilseed, but only 16 million managed to be implanted, 1.1 million hectares less than expected.
“360,000 hectares have been discounted from the original intention in Santa Fe, the province most affected by the lack of water. In Buenos Aires the cut is 300,000; in Entre Ríos, 220,000 and in Córdoba, 205,000,” he said. “This is the first time in 15 years that such a level of hectare has been discounted. Not even in the 2008/09 cycle, a cycle that until now had been the example of the worst water scenario, had something similar happened.”he added.
If the estimated volume of 37 million tons materializes, there will be almost 13% less harvest than a year ago, whose campaign was also affected by the lack of water.
It is estimated a national yield of almost 24 quintals per hectare and an area that will not harvest in 504,000 hectares.
Finally, the entity warned that “Area losses, especially in second-rate soybeans, can skyrocket and start to be massive if there is no imminent help from significant and widespread rains.”
Source: Ambito
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