Agroinsurance

NEWS

Argentina - Torrential rains destroy 10% of the wheat area

29.08.2014 265 views

An estimated volume of 200,000 tons of wheat or nearly 10 percent of the surface of the cereal in the province of Buenos Aires were lost due to the rains of last weekend, according to data released by the Regional Consortium of Agricultural Experiment (CREA), an agricultural association of Argentina.

Over seven inches (180 millimeters) of rains accumulated just last Sunday in some regions of the province on average. The municipalities with losses accounted were Necochea, Lobería, Tres Arroyos, San Cayetano, Balcarce, and Coronel Dorrego. Losses on barley crops were also seen.

To make things worse, Argentina’s Ministry of Agriculture announced that the total quota of wheat exports of 1.5 million was already overcame in the country. That would mean that the chain could not export more than this. But, according to Brazilian consultancy Trigo & Farinhas, the Ministry can possibly extend the quota and allow more volumes of exports.

Source - http://www.blackseagrain.net/

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