Brazil expected to produce 123.5 million tons of soybeans in 2019/20 harvest

Agroconsult (an agribusiness consultancy) announced on Tuesday (3103) that Brazil’s soybean harvest in 2019/20 should reach 123.5 million tons.  The estimate was adjusted downward from the previous estimate of 124.3 million tons. The company also estimated the area to be used to grow oilseeds in Brazil would be 36.8 million hectares, compared to 36.7 million forecast in January.

The consultancy highlighted record productivity in states like Mato Grosso, Goiás, and Paraná, but cited heavy losses in Rio Grande do Sul due to drought.

Source: Reuters

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