Dry weather in recent weeks and scant hopes of significant rains for the rest of the month in Argentina's soy belt are igniting fears of a 'productive disaster' akin to that in 2018, the Rosario grains exchange (BCR) said on Thursday.
Corn plants affected by a long drought that finally ended this month by the arrival of rain, is pictured in a farm in 25 de Mayo, in the outskirts of Buenos Aires, Argentina January 24, 2022. REUTERS/Agustin MarcarianBUENOS AIRES, Feb 10 - Dry weather in recent weeks and scant hopes of significant rains for the rest of the month in Argentina's soy belt are igniting fears of a "productive disaster" akin to that in 2018, the Rosario grains exchange said on Thursday.
Farmers and weather forecasters had hoped for stronger rains in the second half of February, though concern is growing they may not materialize, with large swathes of Argentina's normally lush Pampas grasslands already dry. In its monthly report the BCR held its estimate for the 2021/22 corn harvest at 48 million tonnes, but warned that low yields from some unusually early harvests because of the dry weather were "not a good sign."
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