BUENOS AIRES, ARGENTINA — Due to dry weather in portions of Argentina, the Rosario grains exchange has lowered its planting area estimate for 2020-21 but not enough to lower its 18-million to 19-million tonne harvest estimate, Reuters reported.
The lack of water is the most serious the nation has seen in 10 years, the exchange said. The estimated area of wheat in fair to poor conditions has doubled to 2 million hectares.
The exchange reduced planting area by 100,000 hectares in the northern and western regions of the country. Total wheat sowing forecast is now 6.5 million hectares.