GFM Network News

Argentina cuts wheat output view due to floods

Argentina’s government cut this season’s wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas Farm Belt, the Agriculture Ministry said Nov. 22. The South American grains powerhouse is seen producing 11.1 million tonnes of wheat in the 2012-13 crop year, down from the government’s

Argentina Farmers Eye End To Unpopular Quota System

Argentina s grains industry is debating a proposal to overhaul local corn and wheat markets so exporters pay farmers higher prices a reform the government could very well adopt. The state intervenes in corn and wheat trade now with incremental export quotas and subsidies to local millers, which are aimed at guaranteeing affordable food supplies