Safras & Mercado predicted on Friday (19) that Brazilian soybean production in 2022–23 will reach 155.66 million tons, up about 600 thousand tons from its April forecast. If accurate, the nearly complete Brazilian harvest should increase by 21.1% from the previous year. The entity highlighted that the advance and completion of the harvest in most of the country confirmed the expectation of high average yields in important producing states. According to Safras & Mercado consultant, Luiz Fernando Rock, “In this way, positive adjustments were made to the anticipated average yields across all Brazilian regions, with a focus on the record-breaking states of Paraná, Mato Grosso, and Bahia.
Source: Forbes Brazil (*Translated by Ia Niani)