Thursday, November 30, 2023

Brazil soy farmers to reap almost 153 mln T as area growth offsets weather issues – Reuters poll

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SAO PAULO, Jan 16 (Reuters)Brazilian soybean growers will harvest a record soy crop just below 153 million tonnes in the 2022/2023 cycle driven by a rise in planted area and favorable weather in most parts of the country, according to a Reuters poll on Monday.

Though forecasters have cut output projections for southern Brazil due to a persistent drought, production increases in other parts of the world’s biggest soybean supplier will offset losses there, poll data shows.

(Reporting by Nayara Figueiredo Writing by Ana Mano; editing by Diane Craft)

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