Argentine agency forecasts 21%-35% decline in agricultural export earnings in 2023

Argentina's "National Newspaper" and Infobae website reported on November 30 that the current drought has had a great impact on the production of soybeans and corn, and the Rosario Grain Exchange will conduct a graded study and judgment on the agricultural production and export situation in 2023: First, under the most ideal circumstances, the soybean planting area and output in 2022/23 will reach 17.
1 million hectares and 46.
7 million tons, respectively, and the corn planting area, output and export will reach 7.
9 million hectares, 51.
2 million tons and 36 million tons, respectively.
By then, the total agricultural export value will be 36.
119 billion US dollars, down 20.
9% year-on-year; Second, under the actual situation, the output of soybeans and corn reached 40.
8 million tons and 47.
3 million tons respectively, and the agricultural foreign exchange earned 33.
103 billion US dollars, down 27.
5% year-on-year; Third, under the worst expectations, the output of soybeans and corn may reach 32.
1 million and 41.
9 million tons respectively, and agricultural exports only earn 29.
847 billion US dollars, down 34.
6%
year-on-year.