Wheat crop in Argentina revised upward fourth consecutive time
Wheat production in Argentina in 2021/22 was revised upward for the fourth time over the past month by the Buenos Aires Grains Exchange, Agweb.com reports.
Farmers are expected to harvest 21.8 mln t of wheat. The increases in the estimates were driven by higher than previously foreseen wheat yields.
"As the new crop progressed, the yield of wheat harvested in the southeast of Buenos Aires increased. It is a key region due to its yield potential and share in the total planted area," the Buenos Aires Grains Exchange says in a statement.
Wheat new crop campaign in Argentina is close to its completion.
Wheat production in Ukraine in 2021/22 reached 32.44 mln t, the average yield made up 4.59 t/ha.
Wheat export from Ukraine in 2021/22 was limited to 25.3 mln t. The Memorandum of Understanding was signed by the Agrarian Ministry and grain market participants. The government also considers milling wheat export from the country. The decision is reported to be taken in January.