Argentina’s soybean production in MY 2023/24 will be 49.6 million tons

Published Feb 8, 2024

Tridge summary

The projected soybean planted area for the 2023/24 season in Argentina has been revised upwards to 17.2 million hectares, a 3% increase from the initial estimate of 16.8 million hectares. This is attributed to a strong start to the campaign. Consequently, the national production forecast has also been increased to 49.6 million tons, up from the previous estimate of 48.50 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Soybean planted area for the 2023/24 season in Argentina totaled 17.2 million hectares, up from the 16.8 million hectares that Safras & Mercado indicated in its first estimate in August 2023. Analysts forecast national production at 49.6 million tons, higher than the 48.50 million tons projected in August 2023. Safras & Mercado analyst Bruno Todone explained that the adjustment in occurred thanks to a very good start to the campaign, which encouraged producers to move forward with a larger area than originally estimated. ...
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