La Niña threatens this year's soybean crop in Paraguay

Paraguayan soybean producers warned this weekend that the La Niña weather phenomenon may affect this year's crop while the 2023/24 harvest is expected to reach a record in tons produced and exported, it was reported in Asunción. The 2024/25 agricultural cycle could be affected by La Niña with rainfall deficits before the end of the year. According to the Paraguayan Chamber of Exporters and Marketers of Cereals and Oilseeds (Cámara Paraguaya de Exportadores y Comercializadores de Cereales y Oleaginosas - Capeco) 7.7 million tons of soybeans were exported until last month, an all-time high in terms of volumes shipped, with results even surpassing the previous record of 6.5 million tons during the 2019/20 campaign. According to Capeco's Foreign Trade Advisor Sonia Tomassone current projections for the 2023/24 campaign exceed 10.7 million tons, although the exact figures are not to be announced until next month. Tomassone pointed out that, despite a decrease in international prices of ...