BRAZIL’S SOYBEAN HARVEST TO GROW FAST FROM THE SECOND HALF OF JANUARY

The soybean harvest in Mato Grosso, Brazil’s first state, is likely to increase faster by the second half of January, after planting a little later than in the previous cycle in some regions. Antônio Galvan, president of Aprosoja Brasil, said that the work is still being done in a few isolated areas. The farmers who are already harvesting are from pivot irrigation regions, according to Aprosoja-MT; other harvesting processes were done in December. According to StoneX consultancy, Brazil will harvest a record 153.8 million tons in 2022/23. This number would be higher were it not for the lack of rainfall in the south region.

Source: Revista Globo Rural (*Translated by Ia Niani)