SAO PAULO: Brazilian soyabean farmers are poised to collect a record crop in 2022 driven by benevolent weather and an expansion of the planted area, according to estimates from 12 analysts in a Reuters poll on Wednesday.
Brazil is expected to harvest 144.12 million tonnes of the oilseeds in the beginning of next year, according to the average of those polled, representing 5% more than in the previous season based on estimates from the government’s food supply and statistics agency Conab.
The average of projections also showed Brazilian farmers expanded soyabean planted area by 3.67%,to 40.35 million hectares, the highest on record.
Brazilian farmers took advantage of early rains to plant soyabeans in the fourth quarter of this year. This will boost Brazil’s overall grain crop prospects, particularly the second corn, analysts said.
Also known as winter corn, the second corn is planted in the same fields as soyabeans after they are harvested. Second corn represents about 75% of the country’s total corn output in a given year.
Comments
Comments are closed for this article.