Safras lowers Brazil's 2022/23 soybean harvest forecast to 152.43 million tons
Soybean
Brazil
Published Mar 4, 2023
Tridge summary
SAO PAULO (Reuters) - Soybean production in Brazil in 2022/23 should total 152.43 million tons, estimated this Friday by consultancy Safras & Mercado, which reduced its forecast by 0.6% compared to the previous year. of January.
With the slight reduction, the consultancy estimates an increase of 18.6% over the previous season's harvest. If confirmed, it will be the biggest harvest in history.
An important negative adjustment was made in the expected average productivity for Rio Grande do Sul, where the drought hit the crops.
“The low humidity and high temperatures that hit part of the State's crops in February continued to cause problems for the development of plants in some regions, which removed the crops' productive potential”, informs Safras analyst, Luiz Fernando Roque.
According to him, despite this, there are regions with crops that register good development, which helps to offset the more aggressive losses.
Original content
SAO PAULO (Reuters) - Soybean production in Brazil in 2022/23 should total 152.43 million tons, estimated this Friday by consultancy Safras & Mercado, which reduced its forecast by 0.6% compared to the previous year. of January. With the slight reduction, the consultancy estimates an increase of 18.6% over the previous season's crop. If confirmed, it will be the biggest harvest in history. An important negative adjustment was made in the expected average productivity for Rio Grande do Sul, where the drought hit the crops. “The low humidity and high temperatures that hit part of the State's crops in February continued to cause problems for the development of plants in some regions, which removed the ...
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