AgRural lowers Brazil’s soybean production forecast for 2021/22
Foreign media news on December 16th: On Thursday, the consulting firm AgRural lowered its forecast for Brazil’s 2021/22 soybean production due to droughts in Parana and Rio Grande do Sul.
The company lowered its forecast for Brazil’s soybean production to 144.7 million tons, which was lower than the 145.4 million tons predicted in early November, but still a record output.
According to the report, the soybean planting area remains unchanged and is expected to be a record 40.6 million hectares. The reduction in production is due to lower yield expectations. Soybean yields are currently calculated based on climatic conditions and crop development in each state, rather than the trend yield used last month.
AgRural is expected to reach an average yield of 59.5 bags (60 kg per bag), compared to 59.7 bags/ha in November. After the yield adjustment, yields in almost every state have changed, but only in Parana State has yields lowered due to drought. The state’s soybean production is expected to be 20.9 million tons, a decrease of 900,000 tons from the November forecast. The reason for the lower soybean yield in Parana State is that soybeans in the western part of the state are in the breeding season facing high temperature and lack of rain in November and early December. In Rio Grande do Sul, despite the difficulties in soybean planting, the state’s soybean production was not reduced due to the late planting time in the state.