Soybean harvest is progressing in Argentina. However, the studies conducted by the two major companies in the country are completely different. The percentage of one of them will be double that of the other.
According to a weekly survey by the Argentine Ministry of Agriculture, the country has already managed to collect more than 14% of the 16.9 million hectares cultivated in 2020/2021. According to the organization, the yield in the previous week was 8%. During the same period last year, the harvest reached 33% of the 16.882 million hectares cultivated in the 2019/2020 season.
On the other hand, the Buenos Aires grain exchange believes the country’s soybean harvest is only 7.2%, up from 3.5% last week. According to the organization, heavy rains this week have disrupted harvest work.
“Last week’s record rainfall has hampered the progress of harvesting in large sectors of the agricultural sector. Despite this, the sown area includes a 7.2% yield,” says Bolsa.
Currently, Argentina’s Ministry of Agriculture expects to harvest 44 million tons of soybeans. The Buenos Aires grain transaction is expected to yield 43 million tonnes. He recalled that the stock market had now fallen to 44 to 43 million tonnes.
The ministry said the country was able to harvest a total of 49 million tonnes in the 2019/2020 harvest and 50 million tonnes in terms of grain transfers.