Brazil’s 2016/17 Soybean Crop Projected at 103.8 Mn T vs 95.4 Mn, Exports 57 Mn T vs 51.6 Mn - Conab

12.01.2017

Conab, the Brazilian government agency, has raised the Brazil’s 2016/17 soybean production forecast to 103.8 million tonnes from its December forecast of 102.45 million tonnes.

The figure is slightly above the analyst’s forecast of 103.5 million tonnes estimated in the Reuters poll.

The raise is attributed to the favourable weather which has boosted the yield.

Brazil’s 2015/16 soybean production stood at 95.4 million tonnes, when the production was hit due to the dry weather condtions.

Further Brazil is likely to export 57 million tonnes of soybean in 2016/17 compared to 51.6 million tonnes in 2015/16.


agriwatch

Readers choice: TOP-5 articles of the month by UkrAgroConsult