The 2012-2013 crop season in Argentina, one of the world’s biggest grain exporters, will produce 103.2 million tons, according to a report released Saturday by the private consulting firm IES.
According to the report, the strong comeback of the harvest after a poor showing in the 2011-2012 season is the result of improved weather conditions.
According to figures from the Agriculture Ministry, a severe drought caused production in the 2011-2012 season to drop to 90.4 million tons from a record 104.3 million tons in the 2010-2011 season.
“With favorable climatic conditions, we have an excellent outlook for soy, corn and malting barley,” the IES said.
According to the report, in the first 11 months of 2012 Argentine agricultural exports were worth $27.9 billion, a downturn of 8.2 percent compared with the same period in 2011, while export volumes fell by 3.3 percent to 68.7 million tons.