According to BCR (Argentina Rosario Grain Exchange), the soybean planting area of Argentina’s core planting belt in 2021 / 22 is very likely to fall to the lowest level in 18 years.
The exchange predicts that the core planting area of soybeans in Argentina’s core planting areas may be reduced to 4.57 million hectares in 2021 / 22, a decrease of 5% compared with 4.82 million hectares in 2020 / 21. The exchange warned that the final planting scale may be lower, or even less than 4.5 million hectares. In most core areas, soybean planting area will decrease by 10% year-on-year.
When the exchange investigated farmers and asked why farmers did not choose soybeans, farmers said that soybean planting profits were worse, unit yield was worse, gene improvement was slower and tax pressure was greater. In contrast, Argentina performed well in corn yield and price in the last year. Due to the shortage of water, the per unit yield of soybean is 600 kg per hectare, while that of corn is 6000 kg per hectare. Farmers who grow soybeans lose money, but farmers who grow corn don’t lose money. In addition, Argentina’s soybean yield has stagnated in the past 8 to 10 years.
Source: China Agricultural Information Network
Post time: Aug-04-2021