Buenos Aires, June 18th. After a week of heavy rains in the central region of Argentina, farmers will reassume the wheat planting. According to the Rosario Commerce Exchange (BCR) it is expected that 7 million hectares are planted, the largest area since 2001. In the 2019/20 season area would grow 540K hectares or 8% in respect to the 2018/19 campaign when 6.46 million hectares were planted.
Analysts from the BCR think that rising prices in the international market and good soil water condition in major areas of the country will push to farmers to fulfill with the previous planting plan. If they reach the average yield in the last five years, i.e. 3.2 tons per hectare, the national harvest could reach a new record around 22 million metric tons.
To June 13th, the wheat area planted reached 36% of the total intention, the Buenos Aires Cereals Exchange (BCBA) said in its weekly report. That percentege is 2% ahead of the historic records, but rains during the following days could delay the rhythm of planting.
Meanwhile, the optimistic fact is that rains will assure a good planting in the southeast of Buenos Aires province, the most relevant region both in area as in grain quality. AgroIndustry chief cabinet Santiago del Solar agrees with the opinion that a record harvest could be reached this season, despite the uncertainty of an electoral year brings to farmers.