Argentina Farmers Hold Back Wheat Crop Amid Price Slump and Drought

Argentina's wheat farmers are holding back their crop due to higher prices slowing sales. The decision comes as the country faces a drought that has reduced wheat yields, making it harder for farmers to sell their produce at a profit.

The news sent shockwaves through the market, with stocks of companies like OGDC and TPL experiencing significant fluctuations.

OGDC's stock price rose by 0.22%, while TPL's rose by 1.67%. Other stocks like BML and SSGC also saw a decrease in value, while NCPL and PACE saw an increase.