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Argentina Wheat Harvest Forecast 16.7 Million Tons, Lowest in Five Years: Exchange

RIO DE JANEIRO, BRAZIL - Argentina’s wheat harvest is seen at 16.7 million tonnes, slightly down from the previous 17 million tonne estimate due to a prolonged drought, the Rosario Grains Exchange (BCR) said.

The estimate suggests wheat production in Argentina, a major global exporter, will be the lowest in five years, the exchange said late on Wednesday, November 11th.

Production in the province of Cordoba was in a state of “disaster” that might worsen, the BCR said in its monthly crop report, adding that the province could register its worst grains harvest in 20 years.

The 2020/21 . . .

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