Back Office Login

you are here: Commodity | News | Pre Session Commentary| Detailed News
As on: Jun 27, 2019 05:40 AM
USDA Forecasts Sharp Decline In Uruguayan Corn Crop In MY 2019/20
16-Apr-19   09:01 Hrs IST

As per the latest release from United States Department of Agriculture (USDA), Uruguayan corn production for MY 2019/20 is projected at 560,000 tons, significantly lower than the previous year. The main reasons are a smaller planted area and an estimated lower yield, more in line with the trend of the last few years. Yields in MY 2018/19 are expected to be a record 7.6 tons per hectare as a result of the combination of very good weather and the use of high technology. The harvested area in MY 2019/20 is forecast at 90,000 hectares, 15,000 hectares lower than the previous marketing year. Despite the good results of the MY 2018/19 due to record yields, projected returns are very tight as domestic corn prices have dropped significantly from last year's highs.

The country's average yield of corn planted without irrigation is about 5.0 tons. The total cost of production in MY 2019/20 is expected at $900- 1000 per hectare, practically unchanged from the previous year.

Powered by Commodity Insights