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The agribusiness sector is a vital component of Argentina’s economy, accounting for a significant portion of its GDP and exports. However, drought in the country will reduce grain production and could result in the worst harvest in the last 15 seasons.

Record wheat crops in both Argentina and Brazil have provided ample exportable supplies as major importers scramble to find alternative sources of wheat amid the disruption to Ukraine exports.

Syngenta, a leading agriculture company, finalized the the acquisition of Nidera Seeds from Chinese...