According to Céleres, soybean output in Brazil in 2023-2024 will reach a record 165.9 million tons, a 5.5% increase over the previous season, with projected increases in average yield and planted area. Soy planting is expected to climb 2.1% in 2023-24, reaching 45.2 million hectares, with an emphasis on Mato Grosso, where the crop is expected to reach 230,000 hectares, according to Céleres. Despite a drop in prices compared to the previous harvest, the entity expects soybean area development in Brazil in 2023-24 due to a scenario with an operational income “still positive” and within the historical average.
SOURCE: NOTICIAS AGRÍCOLAS (*Translated by Ia Niani)