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

Published 2023년 3월 7일

Tridge summary

The Mato Grosso Institute of Agricultural Economics (Imea) has forecasted a record soybean production of 44.3 million tons for the 2022/23 season, which is an 8.35% increase from the previous cycle, due to higher area and productivity. This is despite losses caused by drought in Rio Grande do Sul. Corn production is expected to grow by 5.87% over the previous harvest, reaching 46.4 million tons. Cotton lint production is estimated at 2 million tons, with an increase in planted area leading to a rise in production, despite a decrease in the annual area.

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Original content

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 ...

Source: NoticiasAgricolas