DERAL REDUCES PROJECTIONS FOR SOY AND CORN IN PARANA

The soybean harvest and the second corn crop in Paraná, Brazil’s second-largest grain producer, will be smaller than expected, as the state evaluates the impact of dry weather, the Department of Rural Economy (Deral) said on Thursday. The worst change was in the second corn crop, with production now estimated at 12.23 million tons, compared to 13.38 million in March forecast and 11.9 million in the previous cycle. Deral also pointed out a weekly deterioration of corn crops in the state. Production may possibly rise 3% compared to the previous season, but would remain below its capacity, since the planted area is expected to grow 8%, to about 2.5 million hectares. Paraná 2020/21 soybean crop is now estimated at 19.8 million tons, compared to 20.09 million in March, and 20.78 million in 2019/20. All the oilseed fields have already been harvested. On the other hand, Parana leads wheat production, now estimated at 3.8 million tons, compared to 3.77 million in March, and 3.12 million in 2020, according to Deral. This winter crop is now being planted.

Sources: Reuters/Notícias Agrícolas (*Translated by Ia Niani)