Argentine oilseed crop crashes due to drought
October 09, 2018
In Argentina, this summer’s drought has resulted in significantly lower oilseed crop, with soyabean, sunflower and peanut harvests all experiencing large-scale losses from adverse weather.
The production of soyabeans, Argentina’s most important oilseed crop, fell 37% to 36M tonnes in the 2017/18 marketing year from the earlier estimate of 57M tonnes, according to a 24 August US Department of Agriculture (USDA) GAIN report.
Reports from the harvest indicated that the drought had impacted soyabean yields much more heavily than initially expected, with the national average yield falling 22% to 2.12 tonnes/ha.
“Only areas in north Buenos Aires, south Santa Fe and east Cordoba provinces withstood the drought impacts to deliver yields at historical average levels of 2.7 tonnes/ha or slightly above,” said the USDA.
As a result of the poor harvest, soyabean imports in January-June totalled 2.72M tonnes, more than double the amount imported year-on-year.
The 2017/18 soyabean export figure was revised down to 3M tonnes due to a lack of exportable supply, said the USDA.
Sunflower planted area in Argentina was expected to grow steadily to 1.75M ha unless the spread of down mildew disease negatively affected the upcoming crop, but the 2017/18 production estimate was still lowered 3.5M tonnes.
With peanuts, the drought resulted in the lowest crop in 10 years, with only 792,000 tonnes harvested, a nearly 40% drop from last year’s 1.28M tonnes.