Argentina 2013/14 soy harvest seen at record 53-54 million tonnes
Mon Sep 09 15:44:12 UTC 2013
* Higher sowing surface and favorable climate seen boosting crop
* Farmers shift away from corn toward cheaper, easier soy
* Climate experts warn about sporadic rains
By Nicolás Misculin
BUENOS AIRES, Sept 9 (Reuters) - Argentina's upcoming 2013/14 soy crop is seen reaching a record 53 million to 54 million tonnes, boosted by a larger planting area and favorable climate, experts in the South American grains powerhouse said.
The upbeat forecast stems in part from the fact soaring corn cultivation costs and low final prices have pushed farmers toward planting more soybeans in the world's biggest soyoil and soymeal exporter.
Analysts forecast soy sowing area will expand by 500,000 hectares compared with the previous season.
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