Argentina’s wheat crop sales surge amid supply concerns

Argentina’s wheat crop sales surge amid supply concerns

Kyiv, 25 November (Argus) — Argentina's 2021-22 export wheat sales have almost doubled on the year, driven by concerns over a tightening global milling wheat supply outlook.

Argentinian farmers sold nearly 400,000t of wheat in the week to 17 November, with 346,000t bound for export, agriculture ministry data show.

New-crop export wheat sales now stand at 10.31mn t, up from just 5.76mn t at the same point last year, as importers try to secure milling wheat volumes amid uncertainties over Australian crop quality and expectations that Russia will further tighten export restrictions.