Argentine grain harvests threatened by persistent drought

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Tue, 2023-01-17 02:17

BUENOS AIRES: Argentina lost half of its seasonal soybean harvest in its main production area — the rich and normally humid center of the country — due to drought, the Rosario Stock Exchange said Monday.
Three successive years of drought have raised fears in Argentina that this year’s harvest, particularly of soybeans, will be significantly reduced, striking a blow to the South American country’s exports and its domestic supplies.
Argentina is the world’s largest producer of soybean oil and flour.

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