Brazil 23/24 soybean harvest estimated at 160 million tons, return of rains helps, says Cogo

Despite the climate problems, the harvest of the largest global producer and exporter of soybeans is still expected to grow 3.5% compared to the previous season, with a 2.9% growth in the planted area and a strong recovery in the harvest in Rio Grande do Sul , hit by drought in the previous cycle. Cogo's managing partner, Carlos Cogo, stated in a note that the forecast is for the return of rain between December and March, "which should favor crops in Central Brazil and alleviate the drought in Matopiba (Maranhão, Tocantins, Piauí and Bahia )". "In this scenario, there are no indications of significant drops, with good productivity predicted for the South, Southeast and Center-West regions, offsetting part of possible losses in productive potential in Matopiba." Rio Grande do Sul's production is expected to jump 73.6% year-on-year, to 22.6 million tons, while Cogo sees a 6.3% drop in Mato Grosso's harvest, to 42.7 million tons, per year. account of the dry and ...