Without drought in Rio Grande do Sul, Brazil would have room to harvest 160mt of soybeans

Published 2023년 3월 21일

Tridge summary

Brazil's soybean crop is projected to reach 155 million tonnes in 2022/23, potentially hitting 160 million tonnes if it were not for a drought in Rio Grande do Sul due to the La Niña weather phenomenon, according to Agroconsult. The drought affected the state's productivity, but advances in production have been noted in eight states, with Mato Grosso showing the most improvement. With Argentina's break in oilseed crop and favorable weather, Brazilian soybean exports are expected to reach a record 96.1 million tons. In addition, Brazilian corn production and exports are also expected to hit record highs, with a projected harvest of 125.5 million tons and shipments potentially reaching 51.9 million tons.

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Original content

By Nayara Figueiredo and Ana Mano SAO PAULO (Reuters) - Brazil's soybean crop is expected to reach 155 million tonnes in 2022/23, but could be closer to 160 million tonnes were it not for a drought in Rio Grande do Sul due to the La Niña weather phenomenon, which reduced the national productive potential, assessed this Tuesday to Agroconsult. After technical analyzes during the Rally da Safra expedition, the consultancy raised its forecast for the country's soy harvest, compared to the 153 million previously announced. In relation to January, when the expedition began, Agroconsult observed advances in the production indexes of eight States, with emphasis on Mato Grosso, and a decrease only in the crops in Rio Grande do Sul – considering that within Rio Grande do Sul there are cases of very negative productivity, but also of “full” crops. “Some rain was missing… If it weren't for this drop in Rio Grande do Sul, we'd be talking about a harvest of 160 million tons”, said the ...

Source: Mixvale