News

Brazilian soy output to drop

11 de outubro de 2017

The United States Department of Agriculture indicates that Brazil will see 107 million tons in its 2017-2018 crop season, down 6.1% from the prior harvest.



The United States Department of Agriculture indicates that Brazil will see 107 million tons in its 2017-2018 crop season, down 6.1% from the prior harvest.

From the Newsroom*

São Paulo – Brazil is expected to produce 107 million tons of soy in the 2017-2018 crop season, down 6.1% from its last harvest, according to the United States Department of Agriculture (USDA).

The drop will come primarily due to lower yields. This week, Brazil’s National Supply Company (Conab) revealed that it expects grains and oilseeds output as a whole to decline, mostly as a result of weather issues.

Planted area for soy, on the other hand, should widen by 2.4% to 34.7 million hectares, up from 34 million hectares in the last crop season, the USDA said. The next crop is now in the process of being planted, with harvest set to take place in Q1 2018 for the most part.

*Translated by Gabriel Pomerancblum