BUENOS AIRES (Reuters) – Argentine farmers have sold 36.3 million tonnes of soybeans from the 2020/21 season so far, the Agriculture Ministry said on Wednesday in a report that includes data through Dec. 15.
The pace of sales fell short compared to the previous season. At that time, last year, sales of 37 million tonnes of the oilseed had been registered, according to official data.
The 2020/21 soy harvest in Argentina ended June at 43.1 million tons, according to the Buenos Aires Grains Exchange, which estimated the previous 2019/20 crop at 49 million tons.
The exchange rate for agricultural exports is essential for Argentina’s aggrieved economy, which is only now starting to grow after more than two years of stagflation exacerbated in 2020 by the Covid-19 pandemic.
Argentine farmers are now planting 2021/22 soybeans. The grains exchange is expected to reach 44 million tons.
(Reporting by Agustin Geist, text by Maximilian Heath and Hugh Bronstein)
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