The soybean crop in Argentina is moving forward. However, surveys conducted by two important institutions in the country are completely different. The percentage of one of them is twice the prediction predicted by the other.
According to the weekly survey of Argentina’s Ministry of Agriculture, the country has managed to gather more than 14% of the 16.9 million hectares planted in 2020/2021. According to the organization, the harvest was 8% in the previous week. In the same period last year, the crop reached 33% of the 16.882 million hectares cultivated in the 2019/2020 season.
On the other hand, the Buenos Aires Grain Exchange believes that the country’s soybean crop is only 7.2%, compared to 3.5% last week. According to the organization, this week’s rain disrupted harvesting work.
“The rainfall recorded in the last one week has hampered the progress of harvesting work in large areas of the agricultural sector. Despite this, the crop in the sown area is 7.2%.
At the moment, Argentina’s Ministry of Agriculture expects 44 million tonnes of soybean harvest. Whereas Buenos Aires Grain Exchange believes in 43 million tonnes of crop. Recalling that the stock exchange has just come down from 44 to 43 million tonnes.
The country received a total of 49 million tonnes in the 2019/2020 crop, according to the ministry and 50 million tonnes according to the grain exchange.