Celeres expects Brazilian soybean production to reach 154 million tons in 2022/23

Foreign media news on September 5: Consulting agency Celeres said Brazil’s 2022/23 soybean production is expected to reach a record 154 million tons, an increase of 22% from the previous year’s output of 125.5 million tons.

Celeres expects Brazil to crush 49.7 million tons of soybeans in 2023, 2.6% higher than the 48.7 million tons expected in 2022. Brazil’s soybean crush in 2021 is 47.5 million tons.