Due to the devastating effects of the drought, the wheat harvest was almost half that of last year
Amid the effects of drought and late frosts, the harvest of wheat of the current agricultural season. According to him, he detailed in his weekly report the Department of Agricultural Estimates of the Grain Exchange of Buenos Airesthe cereal reached a total production of 12.4 million tons. This is a 44% drop in relation to the previous campaign, which was the most important in history.
They estimate that the losses in the field due to the drought will be equivalent to almost 2 points of GDP
This was reflected in a report from the Grain Exchange of Buenos Aires. There is also a complicated scenario for export revenues and tax collection
The 10 million tons less wheat production reflects the high impact of the adverse weather during the cereal campaign, especially at the times when yields were defined, which according to the entity reached 22.8 quintals per hectare, representing a 26.6% drop compared to the average performance of the last five campaigns.
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