Area of

The entity said that the current profit margin for the wheat business is 15% higher than in April last year. Normalization of rainfall levels in key agricultural areas would replenish moisture in many fields. The area planted with wheat of the 2018/19 season in Argentina would be up to 5.9 million hectares, from 5.7 million in the previous season, thanks to high cereal prices and a forecast climate improvement after months of a severe drought. However, if weather conditions are adverse during the grain planting window of which Argentina is a major world exporter the area sown would be 5.4 million hectares.