Conab cuts Brazil's 2023/24 soybean harvest and estimates 155.3 million tonnes

Published 2024년 1월 10일

Tridge summary

Brazilian grain production for the 2023/24 harvest is expected to reach 306.4 million tons, a drop of 13.5 million tons compared to the previous year. The main crop, soybeans, is expected to produce 155.3 million tons, a 4.2% drop in expectations, while corn production is estimated at 117.6 million tons, a reduction of 10.9% compared to the previous cycle. Climatic conditions, including scarce and poorly distributed rain combined with high temperatures, have negatively impacted crop development and productivity.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazilian grain production is expected to reach 306.4 million tons. The 4th Survey for the 2023/24 harvest, released by the National Supply Company (Conab) this Wednesday (10), brings a new reduction in the harvest estimate in the current cycle. In general, unstable weather conditions, with scarce and poorly distributed rain combined with high temperatures in the central region of the country, in addition to heavy rainfall in the South region, caused and still persist in the delay in planting the crop, in addition to negatively influencing the productive potential of crops. If confirmed, the volume represents a drop of 13.5 million tons compared to that obtained in 2022/23. “The current harvest has the characteristic of being one of the most complex for estimating area, productivity and production in recent times. The difficulties can be summarized in climatic problems, which generate uncertainty and hinder decision-making by producers”, ponders the superintendent of Agricultural ...

Source: NoticiasAgricolas