Drought in Brazil shrunk the world's second-largest soyabean crop to an estimated 65.2 million tonnes this 2011/12 season, down nearly 2 million tonnes from the 67.1 million tonnes forecast in March, local crop analysts Agroconsult said Tuesday.
That projection was one of the lowest among recent forecasts, and well below Brazil's record soya harvest of 75.3 million tonnes last season. Thanks to strong exports of the 2010/11 crop late last year, Brazil could displace the United States as the largest exporter of soya, one of the world's most important sources of protein. The forecast was the culmination of crop tours by several teams which covered 60,000 kilometers of Brazil's grain belt in the past several weeks. Agroconsult's lead analyst, Andre Pessoa, said Brazil's corn crop may surpass the country's soyabean output this year. He cited expectations for greater area and good yields from the second, or winter, corn crop that is now winding down planting.
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