Safras expects Brazilian soybean production to reach 154.53 million tons in 2022/23

Foreign media news on November 11: Consulting agency Safras & Mercado released a report predicting that Brazil’s soybean production in 2022/23 will reach 154.53 million tons, higher than the 151.5 million tons forecast on July 15, and an increase of 127.44 million tons in the previous year. 21.3%.

SAFRAS expects soybean plantings to increase by 3.7% to 43.74 million hectares. Average yields are expected to increase from 3,038 kg per hectare to 3,551 kg per hectare.