Argentinian government set to meet with wheat sector amid crop concerns

By Eliana Raszewski and Maximilian Heath

BUENOS AIRES, October 12 (Reuters)Argentina’s government is due to meet with millers and wheat exporters this week amid concerns over the size of this year’s crop due to a severe and ongoing drought, a government official and industry source said on Wednesday. .

Domestic millers are worried about a shortage of wheat after sharp downgrades to production forecasts. A spokesman for the agriculture secretariat, responding to questions from Reuters, said there would be a meeting with the sector on Thursday.

“There we will look at the issues they raise. Nothing is defined yet,” the spokesperson said when asked about the meeting and whether there could be any additional restrictions on the meeting. export put in place to protect domestic supply.

A spokesman for Argentina’s economy ministry, which sits above the agriculture secretariat, when asked about possible tighter caps on wheat exports, said: “No. It’s not like that.”

A wheat milling industry source told Reuters he had been summoned by the Agriculture Secretariat for a meeting tomorrow, but gave no further details.

Another source from the country’s grain export chamber CIARA-CEC said there would be a meeting “in the coming days” to address concerns about the impact of the drought and millers’ worries about the shortage grain for the domestic market.

Argentina, a major wheat exporter, has seen its wheat harvest forecast for 2022/23 reduced by the large Rosario grain exchange to 16.5 million tonnes, which would be the lowest in seven years and well below a record 23 million tonnes in 2021/22.

Producers in the country have already officially reported 2022/23 wheat overseas sales of 8.85 million tonnes, according to official data. There is an export cap of 10 million tonnes for the season’s wheat crop.

(Reporting by Eliana Raszewski and Maximilian Heath; writing by Adam Jourdan; editing by Richard Pullin)

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