Argentina wheat exports at their lowest, but record year for fertilizer consumption
Total consumption of fertilizers in Argentina added to 4.54 million tons in 2021/22, setting a record, reported the Buenos Aires Grain Exchange
Bad and good news from Argentina. Wheat exports are expected to hit their lowest point in eight years because of climate effects, especially La Niña ravaging the country’s crops for the third consecutive reason, points out the Rosario Grains Exchange (BCR)
Argentina’s foreign sales declarations (DJVE), which account for the volumes already committed to exports, are close to 8.9 million tons. However, the government allowed part of this volume to be exported in the next season since there were not enough stocks available this season.
Season-ending stocks are forecast at 1.72m tons, the lowest in five seasons. In 2017/18, there were 1.2 million tons in stock. Production in the current season is forecast at 11.5 million tons, half of last year’s 23 million. This is the lowest crop since 10.9 million in 2014/15. Productivity, at 2.3 tons per hectare, is the weakest since 2008/09, when 2.11 tons per hectare were harvested.
Finally, Argentine wheat prices reported by industry regulators, measured in dollars per ton and converted at the official exchange rate, show values much higher than the market average and are the highest since 2012/13.
On the bright side, total consumption of fertilizers in Argentina added to 4.54 million tons in 2021/22, setting a record, reported the Buenos Aires Grain Exchange. The volume was 12% higher than the previous harvest season.
The increase in acreage and the increase in the number of applications drove the growth. The area destined for corn grew by 900 thousand hectares (13%), and those for wheat and barley grew by 500 thousand hectares (3% and 33%, respectively).
According to the exchange, the crops that most consumed fertilizers were corn and wheat, with 37% and 33% of the total used in the country. Soybeans accounted for 16% of the volume, barley for 7%, and sunflower for 3%.
Nitrogenous fertilizers were the most used, representing 59% of the total. Phosphates accounted for the other 41%.
Bad and good news from Argentina. Wheat exports are expected to hit their lowest point in eight years because of climate effects, especially La Niña ravaging the country’s crops for the third consecutive reason, points out the Rosario Grains Exchange (BCR)
Argentina’s foreign sales declarations (DJVE), which account for the volumes already committed to exports, are close to 8.9 million tons. However, the government allowed part of this volume to be exported in the next season since there were not enough stocks available this season.
Season-ending stocks are forecast at 1.72m tons, the lowest in five seasons. In 2017/18, there were 1.2 million tons in stock. Production in the current season is forecast at 11.5 million tons, half of last year’s 23 million. This is the lowest crop since 10.9 million in 2014/15. Productivity, at 2.3 tons per hectare, is the weakest since 2008/09, when 2.11 tons per hectare were harvested.
Finally, Argentine wheat prices reported by industry regulators, measured in dollars per ton and converted at the official exchange rate, show values much higher than the market average and are the highest since 2012/13.
On the bright side, total consumption of fertilizers in Argentina added to 4.54 million tons in 2021/22, setting a record, reported the Buenos Aires Grain Exchange. The volume was 12% higher than the previous harvest season.
The increase in acreage and the increase in the number of applications drove the growth. The area destined for corn grew by 900 thousand hectares (13%), and those for wheat and barley grew by 500 thousand hectares (3% and 33%, respectively).
According to the exchange, the crops that most consumed fertilizers were corn and wheat, with 37% and 33% of the total used in the country. Soybeans accounted for 16% of the volume, barley for 7%, and sunflower for 3%.
Nitrogenous fertilizers were the most used, representing 59% of the total. Phosphates accounted for the other 41%.
Argentine wheat crop, one of the least productive in recent history
Wednesday, December 28th 2022 -
The 11,5 million tons of this year's harvest is half the 2021/22 crop, according to the Rosario Grains Exchange.
The Argentine wheat crop, 2022/23 is again suffering the consequences of a prolonged drought and lack of sufficient rain, which means that the overall estimate volume has again been reduced by 300,000 tons to a total of 11,5 million tons, according to the Rosario Grains Exchange.
This is half the 2021/22 crop, which was a record, and the contraction this season was not greater because the province of Entre Rios surprised with some extraordinary yields.
The Rosario Grains Exchange also pointed out that the main losses happened in the rich fields of the provinces of Cordoba, Buenos Aires and Santa Fe, where in only a month estimates were down 300,000 tons. With domestic consumption of some nine million tons, surplus for exports has been considerably reduced.
“We had an average yield fo 2,300 kilos per hectare, the lowest recorded since 2010”, pointed out the Rosario Grains Exchange. But in Entre Rios yields were excellent and helped the overall average. Temperature played a crucial role, 15 Celsius during the maturing period with abundant humidity. And this despite a month of November with insufficient humidity and consecutive frosts, but Entre Rios prevailed and had a production of 3,900 kilos per hectare“.
Cordoba on the other hand continues with its production disaster. Compared to the 3,600 kilos per hectares of last year, this season it is down to 1,500 kilos, following on the effects of frosts. Something similar can be said of the Buenos Aires province. Last year Santa Fe province had a yield close to 3,900 kilos per hectare, but nowadays the average is hardly 2,200 kilos per hectare”, concluded the Rosario Grains Exchange.
The Argentine wheat crop, 2022/23 is again suffering the consequences of a prolonged drought and lack of sufficient rain, which means that the overall estimate volume has again been reduced by 300,000 tons to a total of 11,5 million tons, according to the Rosario Grains Exchange.
This is half the 2021/22 crop, which was a record, and the contraction this season was not greater because the province of Entre Rios surprised with some extraordinary yields.
The Rosario Grains Exchange also pointed out that the main losses happened in the rich fields of the provinces of Cordoba, Buenos Aires and Santa Fe, where in only a month estimates were down 300,000 tons. With domestic consumption of some nine million tons, surplus for exports has been considerably reduced.
“We had an average yield fo 2,300 kilos per hectare, the lowest recorded since 2010”, pointed out the Rosario Grains Exchange. But in Entre Rios yields were excellent and helped the overall average. Temperature played a crucial role, 15 Celsius during the maturing period with abundant humidity. And this despite a month of November with insufficient humidity and consecutive frosts, but Entre Rios prevailed and had a production of 3,900 kilos per hectare“.
Cordoba on the other hand continues with its production disaster. Compared to the 3,600 kilos per hectares of last year, this season it is down to 1,500 kilos, following on the effects of frosts. Something similar can be said of the Buenos Aires province. Last year Santa Fe province had a yield close to 3,900 kilos per hectare, but nowadays the average is hardly 2,200 kilos per hectare”, concluded the Rosario Grains Exchange.
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