Imea maintains projection for 22/23 soybeans from Mato Grosso, Brazil at 42.8 million t, with an upward bias

Published 2023년 2월 27일

Tridge summary

The Mato Grosso Institute of Agricultural Economics (Imea) predicts that soybean production in Mato Grosso will reach a record 42.8 million tons in the 2022/23 harvest, showing an increase of 4.82% from the previous year. Corn second crop production is also expected to increase by 5.87% to 46.4 million tons due to an increase in planting area. However, the anticipated sales of the 2022/23 corn crop are happening slowly as producers are cautious about negotiating large volumes before the harvest results. Imea's superintendent also mentioned that the forecast for cotton production in Mato Grosso has been maintained at 1.936 million tons, showing an increase of 6.8% from the previous season.

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Original content

By Nayara Figueiredo SAO PAULO (Reuters) - Soybean production in Mato Grosso should reach a record 42.8 million tons in the 2022/23 harvest, the Mato Grosso Institute of Agricultural Economics (Imea) said on Monday, maintaining the projection released at the beginning of the month. The institute's expectation may still increase, depending on the results obtained by the end of the harvest, which reached 76.27% last Friday, commented the superintendent of Imea, Cleiton Gauer, in a videoconference. If confirmed, oilseed production will already represent an annual increase of 4.82% for the largest Brazilian soy producer. Along the same lines, the outlook for corn second crop production in the State was maintained at 46.4 million tons, driven mainly by the increase in planting area, estimated at 3.78%, to 7.42 million hectares. The cereal harvest, if confirmed, will be 5.87% greater than that harvested in the previous year, according to the data, despite 20% of crops being planted ...

Source: NoticiasAgricolas