Argentine soya harvest to reach 50 million tonnes in 2018-19

Argentina's soya harvest is expected to reach 50 million tonnes during the 2018-19 season while estimates for corn production fell to 43 million tonnes, down from around 45 million tonnes previously, the Rosario grains exchange said on Wednesday. An exchange spokesperson said predictions for wheat production during the 2018-19 season remained at 21 million tonnes, but would be updated in October. Farmers had planted 6.32 million hectares with wheat this year, up from 5.7 million hectares the prior season.
The predictions come one week after Argentine President Mauricio Macri announced a tax of 4 pesos per dollar on exports of primary products, including agricultural goods, and 3 pesos per dollar on other exports amid a deepening economic crisis.