Datagro reduces projection for 2022/23 soybean crop in Brazil to 150.81 million tons

Published Mar 1, 2023

Tridge summary

Brazil's soybean production for the 2022/23 crop year is estimated at 150.81 million tonnes by consultancy Datagro, a slight decrease from the January projection of 152.08 million tonnes due to drought in Rio Grande do Sul. This production level would surpass the previous year's harvest, setting a new record. Meanwhile, the forecast for the corn second crop in Brazil is 102.91 million tons, marking a 7.8% increase from the previous year, contributing to an estimated potential production of 128.65 million tons of cereal, which is 6.5% higher than the previous record.

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

Original content

SAO PAULO (Reuters) - Soybean production in Brazil was estimated at 150.81 million tonnes for the 2022/23 crop year, consultancy Datagro said on Wednesday, down from the 152.08 million tonnes projected in January . The reduction occurs in the midst of a drought that hit crops in Rio Grande do Sul and reduced the productive potential. "Despite the cut, if confirmed, it would set a new national record, being 16.3% higher than the frustrated and revised harvest harvested last year, of 129.65 million tons", said the consultancy in a note. Datagro still estimated the production of corn second crop in Brazil at 102.91 million tons, 7.8% ...

Source: Mixvale