Favorable weather conditions drive record forecast for the 2022/23 soybean crop in Brazil

Published 2023년 1월 6일

Tridge summary

Brazil's soy planting area for the 2022/23 crop is projected to grow by 4.6%, reaching 43.4 million hectares. Favorable weather conditions have aided sowing in most regions, with the exception of Paraná and Santa Catarina. Mato Grosso do Sul is expected to see a significant increase in soy production. Soybean exports surpassed 77 million tons up to November, with the soy complex being the main agribusiness export sector. China is the leading importer of Brazilian soybeans.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The forecast for the planting area for the 2022/23 crop should grow by 4.6% when compared to the previous cycle, reaching 43.4 million hectares across the country. “Brazil is able to break barriers and project record harvests because year after year the production area increases, including in many states soy producers are already starting to incorporate livestock areas, diversifying production, recovering the degraded soil and keeping it fertile both both for pasture and for the next grain harvest”, explained the president of the Brazilian Association of Soy Producers (Aprosoja Brasil), Antonio Galvan in an interview with O Presente Rural in mid-December. With weather conditions favoring the sowing of the oilseed, it should be practically completed in early 2023. In Mato Grosso, the main grain producing state, crops are developing well, despite irregular rainfall conditions. In Goiás, Minas Gerais and Matopiba, planting continues at a slower pace than in the past crop due to the ...

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