2022/23 Argentine Wheat Sowing Area Revised Down By 100,000 Hectares

Foreign news, June 5: Argentina's 2022/23 wheat sowing progress was 13.9% for the week ending June 1, 2022, up 8.6% from 8.6% a week earlier, according to a weekly report released by the Buenos Aires Grain Exchange (BAGE).

The exchange this week projected 6.5 million hectares of wheat to be sown in Argentina in 2022/23, down from earlier expectations of 6.6 million hectares, due to dry weather in northern Argentina in May and a weather forecast that showed no rainfall in the near future.

The exchange had previously said that high fertilizer prices and higher production inputs were also detrimental to the sowing of wheat in the new season.

The lowered sown area is 3% less than the previous year's 6.7 million hectares.

The exchange said that if the weather remains dry in June, it could lead to a further reduction in the sown area.

As a comparison, the U.S. Department of Agriculture in the May report forecast Argentina's wheat production of 20 million tons, down 9.7% from the previous year's 22.15 million tons.

Argentina's wheat sowing season lasts from late May to July, and harvest lasts from mid-November to early January.