AgRural consultancy increased its forecast of soyabean planted area in Brazil’s 2018/2019 harvest, from 35.691 million hectares in August to 35,804 million hectares. The new number represents an increase of 655K hectares (+ 1.9%) compared to 35.149 million hectares of the previous harvest. The largest advance should occur in the North / Northeast, which can expand the area by 311K hectares, according to AgRural. With productivity estimated from the historical trend, the consultancy now foresees production of 120.3 million tons – 1 million tons above the record of 119.3 million tons of the 2017/2018 harvest. “The increase in area is due to the good results of productivity and profitability of the 2017/2018 harvest and the expectation of producers of attractive prices in reais,” AgRural said. “The fall in dollar prices, which makes it difficult to advance the anticipated business in part of the Cerrado, and the new road freight tariff, however, limits the expansion of the soyabean area.” Still according to the consultancy, the decision of some producers to plant more corn in the first harvest is another factor that prevents a greater increase of soyabean area.
Src.: Revista Globo Rural