Argentina will seed 22 per cent less wheat this season than it did in the previous crop year, a key local exchange said Thursday, feeding a world rally in grains prices sparked by dry and hot U.S. farm weather. Argentina is the world’s No. 6 wheat exporter and the top supplier to neighboring Brazil. With
Argentine exchange trims wheat view
World grain prices to stay strong
Reuters / World grain prices should remain “very firm” over the near term as demand from Asia exceeds forecasts and dry weather cuts into supply, the senior economist of the UN’s Food and Agriculture Organization (FAO) said March 26. South American corn and soy yields took a beating from drought this season, while China’s rapidly
Argentina revamps wheat policy
Argentina’s new wheat export system promises to spur output from the grains-producing powerhouse at a time when farmers are hurting from dry weather and the government needs more foreign currency. The administration of recently re-elected President Cristina Fernandez will scrap incremental export quotas in a bid to improve prices for farmers by boosting competition among
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