The Buenos Aires Grain Exchange (BAGE) has revised upwards its expectation for this year’s wheat crop, projecting the 2020/21 harvest to yield 21 million mt on a planted area of 6.8 million hectares. BAGE said that the 21 million mt figure would be the highest in the country’s history, forecasting yields at 3.14 mt/ha compared to 2.92 mt/ha last year. It expects exports to reach 13.3 million mt, up from 12.3 million mt.
Barley production was forecast at 3.75 million mt for 2020/21, up 7.1%. Barley exports are estimated at 2.5 million mt, up from 2.2 million mt.