BRAZIL’S SOYBEAN HARVEST REACHES ALMOST 80% BUT IS STILL BEHIND SCHEDULE

Brazil has planted 79.33% of its soybean area for the 2023-24 harvest, with a weekly increase of 5.7 percentage points. However, this number is still lower than the previous year’s figures and the average of the last five years, according to Pátria AgroNegócios. The heavy rains in March have caused the harvest to remain slow. Recent reports indicate a decrease in productivity due to late planting and the incidence of pests and diseases. These challenges can have a significant impact on the logistics and marketing of the crop.
Source: Reuters (*Translated by Ia Niani)