Last Updated :
30 October 2009 at 12:05 IST
Rains to boost Argentina wheat output
BEUNOS AIRES (Commodity Online ) : Welcome rains this season helped wheat crops in Argentina and the country expects to produce as much as 8.3 million metric tons of wheat in the coming harvest.
According to Buenos Aires Cereals Exchange’s arbitration chamber the increase in yields from an 8 million-ton estimate two weeks ago was the result of unexpected rains.
In a statement it said, “Rains in the last two weeks helped to offset a drought during the planting season,”
Argentina is the world’s second-biggest exporter after the United States. The wheat harvest in Argentina runs from November to January.
Farmers planted 40 percent fewer hectares with wheat this year because of insufficient rains and a government ban on exports of the grain, which was lifted last month.
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