Pvt consultancies put Brazilian soybean production at 114.1 MMT

22.01.2018

Agroconsult was the latest consultancy in Brazil to update its soybean production projection to 114.1 million metric tons. The surface planted was increased to 86.4 million acres in a scenario where the yields fell 3.5% compared to the previous season.

“The surface increase of soybeans will occur mostly over soybean crops due to the expressive reduction of the profitability of the grain. Secondarily, we will have yet the contribution of pasture areas for this growth”, explains André Pessoa, associate director at Agroconsult.

The first consultancy in Brazil to estimate a production above 114 million metric tons was Porto Alegre-based Safras & Mercado in December. Back then, their projection was already 114.6 million metric tons.


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