Brazil recorded its 18th consecutive increase in soybean area for the 2024/25 harvest season DATAGRO Grãos Forecasts 18th Consecutive Increase in Brazil's Soybean Area for the 2024/25 Harvest

Published 2024년 7월 30일

Tridge summary

DATAGRO Grãos' annual survey forecasts an 18th consecutive increase in Brazil's soybean planting area for the 2024/25 harvest, expanding by 1.5% to 46.890 million hectares, with an expected production of 166.644 million tons, marking a 12% rise from the previous year. Conversely, the survey predicts a reduction in corn planting areas for both summer and winter harvests, totaling 20.749 million hectares, which is 2% less than the 2023/24 season, while production is expected to remain stable at 116.959 million tons.

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Original content

DATAGRO Grãos released its annual survey of planting intentions for the 2024/25 harvest, projecting the 18th consecutive increase in the area destined for soybeans in Brazil. The cultivated area is expected to grow from 46.184 million hectares in the 2023/24 season to 46.890 million hectares, reflecting an increase of 1.5%. "It is important to note that these numbers are preliminary and may change, depending on price fluctuations over the next 60 days", highlights Flávio Roberto de França Junior, economist and content leader at DATAGRO Grãos. The initial forecast indicates an average productivity of 3,554 kg/ha, with a potential production of 166.644 million tons. If confirmed, this production will represent an increase of 12% compared to this year's revised harvest, which totaled 149.262 million tons. According to the survey carried out among soybean farmers, the increase in the cultivated area should occur homogeneously throughout the country, with a more pronounced growth in ...

Source: Portal Do Agronegocio