With wheat prices skyrocketing due to Russia's assault on Ukraine, major producer Argentina faces its 'worst planting scenario in 12 years' of the crucial grain, a major trade forum says
Argentina was the world's eighth-biggest wheat producer in 2021-22, according to figures from US Department of Agriculture.
The Rosario Board of Trade said on Thursday the area planted with wheat in Argentina for the 2022-23 season would be a lower-than-expected 6.2 million hectares. Argentina was the world's eighth-biggest wheat producer in 2021-22, according to figures from the United States Department of Agriculture. Last week, the FAO said wheat prices were up 5.6 percent in May from a month earlier and were 56.2 percent higher than a year ago.
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