Brazil – New record for Soybean CropFriday, 7th May 2021
Brazil estimates an increase of 4.0 percent, from 37.50 million hectares.
The Brazilian soybean harvest of the 2020/21 season was estimated at a production of 136.34 million tons by the 7th survey by Consultoria DATAGRO. The projection came to over 135.47 million tons from the last survey by the same agency, released last March.
In case of confirmation, market analysts point out, this volume will be 6 percent higher than the 128.19 million tons of the record harvest harvested in 2020. In relation to the planted area, adds DATAGRO, Brazil estimates an increase of 4, 0 percent, from 37.50 million hectares of the 2019/20 crop to 38.95 million hectares in the current season.
Of this total, 96.9 percent of the area was harvest until April 30, compared to 93.4 percent in the previous week, in addition to 98.8 percent in the same period. last year and 96.6 percent on average over the past five years.
“To conclude, we just need to follow the closing of the harvests in Rio Grande do Sul and in the Matopiba region. But, corroborating our expectations for November 2020, we are confirming a new great soybean crop in Brazil and a new production record ”, highlights Flávio Roberto de França Junior, DATAGRO’s grain coordinator.
According to Consultancy AgResource Brasil, the first survey of intent to plant soybeans 2021/22 in Mato Grosso indicated that producers in the state should increase the area by 2.7%. “Among the reasons for this increase is the record level of prices and pasture areas, which could be converted into agriculture”, point out the analysts.