⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Leafhopper Bug Infests Argentina’s Corn Fields

Published 2024-05-07, 05:31 a/m
© Reuters.  Leafhopper Bug Infests Argentina’s Corn Fields

Farmers in Argentina are struggling to contain an infestation of leafhopper bugs in the country’s %Corn fields.

A leafhopper is a yellow insect that thrives in hotter temperatures and is threatening this year’s corn crop in Argentina, which is the world's number three exporter of corn.

The leafhopper infestation is being blamed on global warming as farmers across Argentina slash millions of tons from this year’s harvest projections.

The leafhopper insect carries with it a stunt disease that damages the cobs and kernels of corn, effectively killing the crop.

Farmers and governments fear that insect infestations will grow in coming years amid fewer frosts to keep the spread of bugs in check and forecasts of increasingly warm winters.

In Argentina, farmers are moving to sow less corn and pivoting to other crops such as soy as the leafhopper infestation spreads.

According to government estimates, the leafhopper numbers in Argentina are 10 times above the normal level for this time of year.

The insect has been found nearly 1,500 kilometres south of traditional areas, where previously it had been too cold for the bugs to survive.

Argentina's government is accelerating the authorization of pesticides to fight leafhoppers and recently met with farm associations to coordinate a response aimed at limiting the damage.

The price of corn is currently trading at $4.60 U.S. per bushel, having declined 22% over the last 12 months.

This content was originally published on yolowire.com

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.