Brazil is expected to produce a record 154.53 million tons of soybeans in the 2022/23 season, estimated consultancy Safras & Mercado, raising its forecast by 2% compared to the estimate released in July.
According to a report published this Friday (11), the crop in the largest producer and exporter of the oilseed could increase 21.3% over the previous cycle, when a drought reduced the productive potential, especially in the south of the country.
In addition to projecting a recovery in productivity, the consultancy now estimates an increase of 3.7% in the planted area, which should total 43.74 million hectares.
The survey points out that average productivity should increase from 3,038 kilos per hectare to 3,551 kilos.
Positive adjustments were made to the expectations of areas to be sown this new season in the main regions of the country.
“The increase in the planted area leads to an even greater productive potential than initially estimated. Producers remain focused on the climate and planting work, which are evolving in all regions,” added Safras & Mercado consultant Luiz Fernando Gutierrez Roque in a statement.
Source: CNN Brasil
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