The 9th Survey of the 2020/21 Grain Crop, released by the National Supply Company (Conab) on Thursday 10, reveals a slight increase in the estimate for the soybeans output. Conab sees soybean output at 135.86 million tons, while May’s estimate was 135.4 million tons. The projection is still for a record crop, with growth of 8.8% compared to the previous cycle. Conab also sees the planted area growing 4.2% when compared to the previous harvest, reaching 38.5 million hectares. “Despite climate difficulties, the output registered an increase of 4.4% compared to last year”. The increase in the planted area in 2020/21 was driven by high international prices, and high US Dollar in 2020. However, this increase also boosted the expected growth in the domestic and international demand for 2021 .
Source: Canal Rural (*Translated by Ia Niani)