Soy production should boost grain harvest in Brazil in 2022/23

Published 2023년 3월 9일

Tridge summary

Brazil's 2022/23 grain production is expected to reach 309.9 million tons, with soybeans making up nearly half, according to the National Supply Company (Conab). This represents a 20.6% increase from the previous cycle, despite a slight decrease due to drought in Rio Grande do Sul. Other grains like corn, cotton, and rice are also expected to see growth, with cotton sown area increasing by 4%. However, bean production is estimated to decrease due to adverse weather and reduced area. Despite challenges, the overall grain production is expected to increase, benefiting the agricultural market and the economy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazilian grain production in the 2022/23 harvest could reach 309.9 million tons, according to the National Supply Company (Conab). Almost half of this total volume is the result of soybean crops, with a forecast harvest of around 151.4 million tons. If this forecast is confirmed, the volume of soybean harvested this season will be 20.6% higher than that recorded in the previous cycle, pointing to a recovery in the productivity of crops that were affected by adverse weather conditions in 2021/22. However, Conab's estimate suffered a negative variation of 1% in relation to the last announcement, due to the damage caused by the drought in Rio Grande do Sul. Despite this, these losses were partially offset by gains observed in Tocantins, São Paulo, Goiás and Mato Grosso do Sul. Soybean harvesting is progressing in all producing regions, but with percentages below those recorded in the previous harvest, due to different reasons, such as excessive rainfall. The delay in the soybean ...

Source: GrupoCultivar