November 27, 2024 | 15:32 GMT +7

  • Click to copy
Tuesday- 14:55, 05/11/2024

Argentina soy crop sees upswing but challenges ahead

(VAN) Soybean production is estimated at 52 million tonnes, up from 49.5 million tonnes last harvest.

Argentina is expected to produce more soybeans in 2024-25 but the crop faces “several complex challenges and opportunities shaped by weather, economic pressures, and production practices,” according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

Soybean production is estimated at 52 million tonnes, up from 49.5 million tonnes last harvest. Producers are shifting to more soy away from corn over fears of the impact of corn stunt, continued low prices, and expected dry conditions, the FAS said.

Higher than expected average temperatures could compromise soil moisture and reduce yields, further complicated by soil moisture deficits that delayed early planting in some regions, it said.

Economic factors will also tip farmers' decisions toward soy, with production costs for soybeans significantly lower than for other crops.

Due to a recent shortage of high-grade seed stock on the market farmers are lowering planting densities to allow each seed more room to germinate but will likely lower total yields, the FAS said.

“Overall, the combination of environmental, economic, and technical challenges paints a complex picture for Argentina's soybean sector in 2024-25,” the FAS said. “While increased acreage and technological advancements may support production, the adverse weather and compromised seed quality may prevent yields from reaching their full potential, and the financial strain on producers remains significant.”

Crush is expected to increase slightly from 41.5 million tonnes to 42 million tonnes.

“Argentina’s soybean crush industry has seen a resurgence in activity this year due to increased domestic soybean production and a steady flow of imports, primarily from Paraguay,” the FAS said.

H.D

(WG)

CBH secures single day receivals record

CBH secures single day receivals record

(VAN) CBH Group recently enjoyed a record day of grain receivals across its network, likely driven by farmers eager to beat forecasted rain across the Western Australia.

Planting Jalapeno chillies for export purpose

Planting Jalapeno chillies for export purpose

(VAN) Residents of Bo Hac village in Co Noi commune, Mai Son district, Son La province, are experimenting with a new jalapeno chilli variety during the winter season for export purpose.

India expects food inflation to slow in coming months, government report says

India expects food inflation to slow in coming months, government report says

(VAN) India expects food inflation to slow in the coming months, backed by a bumper summer crop harvest, and remains 'cautiously optimistic' on its economic growth, according to a government report.

Seafood is Ireland’s second largest food export to Vietnam, after dairy

Seafood is Ireland’s second largest food export to Vietnam, after dairy

(VAN) Vietnam Agriculture Newspaper (VAN) had a discussion with Ms. Pippa Hackett, Minister of State at Ireland's Department of Agriculture, Food and the Marine about the country's seafood sector.

Russian farmers ditch wheat for other crops after heavy losses

Russian farmers ditch wheat for other crops after heavy losses

(VAN) Russian farmers say they will sow less wheat after heavy losses this year, switching to more profitable crops such as peas, lentils, or sunflowers.

Egg prices are going even higher. This time it’s avian flu and the holidays

Egg prices are going even higher. This time it’s avian flu and the holidays

(VAN) Egg prices have risen steadily over the past two years. A spike in avian flu and the approaching holiday season are combining to make the problem even worse.

Global Avocado Summit 2024 focuses on export markets

Global Avocado Summit 2024 focuses on export markets

(VAN) The Global Avocado Summit 2024, organized jointly by the Chilean Avocado Committee and Yentzen Group, drew a full crowd.

Read more