BAGE: Argentina soybean production in 2021/2022 raised by 1.3 million tons
——As of June 1, Argentina’s soybean harvest was 94.3% complete
Foreign media, June 5 news: The weekly report released by the Buenos Aires Grain Exchange (BAGE) said that in the week ended June 1, 2022, Argentina’s 2021/22 soybean harvest was 94.3%, more than a week The previous 89.9% was 4.4% higher and the average yield was 2.84 tons per hectare, down from 2.87 tons per hectare a week earlier.
Soybean production so far has been harvested at 41.7 million tonnes.
The exchange this week raised Argentina’s soybean production for 2021/2022 to 43.3 million tonnes, up from an earlier forecast of 42 million tonnes and up from 43.1 million the previous year.
The exchange said the higher output was due to higher-than-expected yields in Argentina’s central and northern agricultural regions.
On May 12, the U.S. Department of Agriculture estimated Argentina’s soybean production at 42 million tons, down from 43.5 million tons forecast last month and also below the previous year’s 46.2 million tons.
Argentine soybean plantings this season are at 16.3 million hectares, down from 16.9 million hectares in 2020/21, as Argentina is more profitable from growing corn.