The US Department of Agriculture (USDA) expects Brazil to produce 169 million tons of soybeans in the 2024-25 harvest, maintaining the previous estimate. For 2023-24, soybean production is estimated at 153 million tons, with flooding in Rio Grande do Sul posing a challenge. Soybean exports increased by 1 million tons to 103 million tons. Corn production for 2023-24 was kept at 122 million tons, contrary to forecasts of 121.3 million tons, while exports remained at 50 million tons. Corn production is expected to reach 127 million tons in 2024-25.
Source: AgroLink (*Translated by Ia Niani)
USDA: BRAZILIAN SOY PRODUCTION EXPECTED TO REACH 169 MILLION TONS
Published On - 18 de July de 2024