Dec. 29 (Bloomberg) -- Corn growers in Argentina, the world’s second-biggest shipper of the grain, say crops in the major producing areas of Buenos Aires and Santa Fe are enduring dryness and it’s “too soon” to talk of potential losses.
“We are still optimistic,” Martin Fraguio, executive director of the Maizar corn association, said today in a telephone interview from the group’s headquarters in Buenos Aires. “Crops in Buenos Aires and Santa Fe are at the vegetative stage and can endure a lack of humidity.”
Corn crops in the two provinces, which account for about half of the country’s output, are to enter the critical stage of flowering in mid-January, he said.
“If fields don’t get rains during flowering, then I would be utterly worried,” he said.
Argentina, the world’s second-largest exporter after the U.S., harvested 21.6 million metric tons of corn this year, Fraguio said. The South American country is likely to harvest more of the cereal next year due to an increase in area and yields, he said, declining to give an estimate.
The corn harvest in Argentina runs from February through July. Crops have been facing lack of rains since November.
--Editors: Dale Crofts, Carlos Caminada
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