Argentina To Produce Near Record Wheat Crop In 2011/12

Posted by Nogger - a legend in his own mind at 10:58 | Categorized as

04/05/11 -- According to my chums at the excellent FCStone World Food Production Blog, Argentina is set to produce a possible 18 MMT wheat crop in 2011/12.

That would be an increase of around 20% on this season, and herald a return to the halcyon days of the "mid-noughties" when the country regularly featured amongst the world's top exporters of the grain.

In fact production at that level would be second only to output in 2007. "Argentine farm groups and analysts are hopeful that high wheat prices will spur a substantial increase in plantings (and output) for the ‘11/12 wheat crop," they say.

Wheat production has been slashed in recent years on a combination of eighteen months of drought and farmer dissatisfaction with government tinkerings with exports.

Planting begins this month and harvesting begins at the end of the year.