Under a difficult climate scenario, with a significant decrease in rainfall in Argentina, the drought affected wheat production in the country with losses of up to 900 million dollars, and many experts warned that the loss of production capacity will affect not only agricultural wealth but also animals that will not find their food.
“Preliminary estimates of the economic losses caused by the lack of rains on wheat could reach 900 million dollars,”said Lorena d’angelo, market analyst at AZ-Group. “This figure comes after taking into account the loss of three million tons in the harvest, from the initially estimated 18 million tons to 15 million tons, and current grain prices,” she warned, according to the Argentine newspaper “infopay”.
He also clarified that these calculations do not take into account the shipments that will be made this year in anticipation of last season. At various times, the government has extended shipments, which affected shipments abroad for the production of 2022/2023. In the first nine months of the year, 1,698,000 tons were sent abroad, a decrease of 85.6% compared to the same period in 2022, when 12,634,900 tons were sent.
According to data collected by the Central Research Bureau, one million hectares planted in this region, which covers southern Santa Fe, northern Buenos Aires and southeastern Cordoba, about 400 thousand hectares are considered to be in regular condition, while another 100 thousand hectares are in good condition. In poor condition. In the most affected areas, it is estimated that yields will be between 5 and 15 quintals per hectare.
