Argentine farming has a revival and aims for new production records in 2020
The agricultural super harvest this year, the boost in meat exports and the opening of new markets for the regional economies has put the sector at the forefront of the exit from the current grueling recession. The agro-industrial sector will receive President Mauricio Macri tomorrow at the formal opening of the Palermo Livestock Exhibition with more than the good financial numbers on the table to discuss. It is the farming sector that once again has proved this year that it is the main engine of the Argentine…
Excellent Rains in Argentina’s soybean belt give expectations of a bumper 2019 harvest
Unlike last year the rains has been good in key parts of the Pampas including northern Buenos Aires, and southern Cordoba, Santa Fe, and Entre Rios provinces Rainstorms are sweeping Argentina’s soy belt, building soil moisture needed to guarantee good yields when crops blossom in February and providing some cushion for China to buy should its trade war with the United States continue to limit U.S. supplies. Bolstered by strong showers in key parts of the Pampas farm region, which meteorologists expect to…
Argentina’s huge wheat harvest should boost its struggling currency
Argentina’s plummeting currency ( AR Peso ) is set for buffering from bumper wheat crops as it becomes one of the few countries to emerge from a 2018 harvest with a sizeable yield. Several top producers from around the world, including Australia, the US, and much of Europe, have struggled to deliver high yields in the face of a difficult climate involving droughts and extraordinary heatwaves. This has caused Asian countries such as Indonesia, which ranks as one of the highest purchasers of wheat worldwide,…
Bumper wheat harvest should ignite Argentina economy
A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high inflation and a soy crop devastated by drought. Farmers are rushing to plant wheat in the moist conditions left by rainstorms that helped destroy Argentina’s recently-harvested soy bean crop. Months of dry weather gave way in April to three weeks of storms that helped cut the crop to about 35 million tonnes…
