Despite Brazil’s devastating drought, there is hope for the 2024-2025 soybean crop, with production predicted to increase by 14% to 168 million tons. The drought may cause delays in planting, which is set to begin this month, but conditions are expected to improve as rainfall increases beginning in October. An all-time high of 46.6 million hectares of planted land, up 1.3% from last season, is expected. Reduced margins and low soybean prices may hinder expansion, even if a rebound is forecast. Climate predictions point to an average crop, with yields contingent upon more favorable weather.
Source: CNN Brasil (*Translated by Ia Niani)
BRAZIL’S NEW SOYBEAN CROP SET FOR 14% GROWTH DESPITE DROUGHT DELAYS
Published On - 12 de September de 2024