Argentine government, farm exporters seek relief from historic drought

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Argentine Economy Minister Sergio Massa met with agricultural exporters on Friday to analyze and 'seek solutions' to help the country's key grain industry after it was hammered by the worst drought the country has faced in at least 60 years.

Farmer Ignacio Bastanchuri, 65, sips mate drink as he walks past by a cow that died from the drought caused by the climate phenomenon La Nina, at a farm in Navarro, in Buenos Aires province, Argentina December 5, 2022.

Massa said he would meet with farmers over the next week, and by the beginning of February expected to have prepared some answers for farmers struggling with dry soil resulting from a drought that began in May. Argentina is the world's leading exporter of soybean oil and meal and the third largest exporter of corn, as well as a major wheat supplier. Its production is being closely watched after Russia's invasion of Ukraine prompted major disruptions and spiking prices in the grains market.

 

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