Safras cuts Brazil soybean production forecast to 122.3 million tons

Foreign media, May 8 news: Brazilian soybean production in 2021/22 is expected to be 122.3 million tons, 2.2% lower than the 125.08 million tons forecast in March, and 1.14% less than the previous year’s 138.1 million tons, according to consulting firm Safras & Mercado. %.

The company’s analyst Luis Fernando Roque said the harvest results showed a more severe loss of soybean yields than expected in March, especially in the states of Rio Grande do Sul and Mato Grosso do Sul. Yields were raised for Goiás, however, and Mato Grosso and Mato Grosso both had record soybean yields.

Safras expects Brazil to plant 40.87 million hectares of soybeans, up 4.3 percent from the previous year’s 39.19 million hectares.