Strategic Grains: EU-27 soybean production is expected to increase by 8% year-on-year in 2022/23

Foreign media May 30 news: The monthly report released by the French analysis agency Strategic Grains shows that the 2022/23 EU-27 soybean production is expected to be 2.93 million tons, in line with earlier expectations, compared with 2.7 million tons in 2021/22. An increase of 8.3%.

The EU soybean planting area in 2022/23 is expected to be 1.01 million hectares, in line with last month’s forecast and an increase of 5.6% from 960,000 hectares in 2021/22.

Soybean yields are forecast at 2.89 t/ha, in line with last month’s forecast and up 2.6% from 2.82 t/ha in 2021/22.