Subscribe to RSS feedArgentine drought hits grain cargoes
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Obsidian
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last modified
Mar 05, 2009 12:00 AM
Argentina's wheat crop, harvested between November and January, has been almost obliterated by months of drought, with 2008 output sharply cut, causing a decline in demand for shipping services, Lloyds List reported.
The harvest is expected to be at a 20-year low, according to commodities analyst, FO Lichts.
The US Department of Agriculture also said in a report prepared by Francisco Pirovano last month that it expected overall wheat production to...
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