Brazil: Imea raises projection for 2022/23 soybean of Mato Grosso with advances in area and productivity

By Nayara Figueiredo SÃO PAULO (Reuters) - The 2022/23 soybean production in Mato Grosso should reach a record 44.3 million tons, the Mato Grosso Institute of Agricultural Economics (Imea) estimated on Monday, with an advance compared to 42 .8 million previously estimated driven by gains in area and productivity. If confirmed, the volume will represent an increase of 8.35% compared to the previous cycle. Rains that occurred in January and, mainly, December helped in the recovery of earlier crops and that went through some water stress in mid-November, said IMEA, improving crop yields. With that, the institute linked to rural producers raised the productivity expectation by 1.92% in relation to the February report, to 61.59 bags per hectare, a historic maximum for the State. Regarding the planted area, "oilseed prices in recent years, reflecting the heated demand in the market, and the favorable scenario for the prices of by-products" led to an increase of 1.51% in the estimate, to ...