3/12/2021 BUENOS AIRES, March 12 (Reuters) - Argentina is set to lose $2.26 billion in export revenue due to the effects of drought on the country s 2020/21 soybean crop, the Rosario grains exchange said in a statement on Friday. The exchange on Wednesday cut its soy harvest forecast to 45 million tonnes from a previous 49 million, citing months of high temperatures and scant rainfall on the country s farm belt. The South American grains powerhouse Argentina is the world s top exporter of soymeal livestock feed used fatten hogs and poultry from Europe to Southeast Asia. The crushing of soybeans is expected to lose 1.5 million tonnes compared with what had been earlier projected, the exchange said in the statement.
Soybeans firm on South American crop worries
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