March 24, 2025 | 14:00 GMT +7
March 24, 2025 | 14:00 GMT +7
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The soybean planting area is now pegged at 18.4 million hectares, a reduction of 200,000 hectares from the previous estimate as farmers turn to alternative options amid low soybean prices, the exchange noted.
Soybean and corn compete for planting area in Argentina, one of the world’s top corn exporters and the No. 1 shipper of soy byproducts. Argentine farmers have sown nearly 85% of the soybean crop area and 81% of corn fields, according to the report.
The exchange also said that about 89% of wheat fields have been reaped, with the season’s harvest seen at 18.6 million tonnes.
The Foreign Agricultural Service (FAS) of the US Department of Agriculture forecast corn production in Argentina at 48 million tonnes for marketing year 2024-25 in its latest report. Soybean production is seen at 52 million tonnes, with domestic crush reaching 42 million tonnes.
(Reuters)
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(VAN) Pepper prices on March 20, 2025, saw a slight decline, ranging at VND 159,000 to VND 160,500/kg. The global market also experienced mixed fluctuations.
(VAN) Coffee prices ton March 20, 2025, in the domestic market remain stable at a high level, ranging from VND 132,700 to VND 134,000/kg.
(VAN) Pepper prices on March 19, 2025, recorded a strong increase domestically, continuing the upward trend, ranging from VND 159,000 - 161,000/kg.
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(VAN) Coffee prices on March 18, 2025, continue to record a strong upward trend. Domestic coffee prices range from VND 131,000 - 133,000/kg.