BUENOS AIRES: Farmers in Argentina are expected to plant 19.6 million hectares with soy in the upcoming 2016/17 season, down 3 percent from the precious crop year as growers expand corn planting, the Rosario Grains exchange said on Thursday.
Farmers on the Pampas grains belt are expected to plant 5.7 million hectares of 2016/17 corn, up from 4.85 million hectares in 2015/16, the exchange said in its monthly crop report.
Argentina should produce 13 million tonnes of wheat in the 2016/17 crop year, up from 10.9 million tonnes in 2015/16, it said. Planting trends are shifting under President Mauricio Macri, who eliminated wheat and corn export taxes soon after he took office at the end of last year.
"Good wheat crop development is being seen, including areas in the central-northern part of the farm belt which have benefited from recent rains," the report said.
"The return of rains in these areas, after weeks of persistent high temperatures and strong winds, has kept wheat on track toward a promising season," it added.
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