Login ID:
Password:
Partner Login
Contact Us : 7066511911

South American soybean production likely to hit record high: Datagro

24 Sep 2022 8:24 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, September 24 (Commoditiescontrol) The production of soybean in the South American countries is likely to hit a record high in the season that is now being planted, agribusiness consultancy Datagro was quoted in a report on Friday, citing an expected area expansion to an all-time high.



South American farmers will reap an estimated 219.34 million tonnes in the 2022/2023 season from a planted area of 66.09 million hectares (163.3 million acres), according to Datagro's first estimate for the new crop.



If confirmed, South American soybean production would grow by 21% from the 181.95 million tonnes estimated for the 2021/2022 harvest, when a drought spoiled parts of the crop in top producer Brazil, a report said.


Brazil, which began planting its 2022/2023 crop in recent days, will contribute about 70% of South America's entire output, or just below 152 million tonnes, Datagro said.

“For average yields, the initial projection considers a relative normality of the climate," Datagro analyst Flavio Junior said in the consultancy's statement.



He, however, highlighted risks associated with the La Niña weather phenomenon.



The 2022/2023 area for South American soybean plantings would be a 3% rise from the previous season, and also the sixth consecutive increase in acreage, according to Datagro.



       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Oil Spot Price : 03-DEC-2022
Mustard seed prices flat, oil&cake extend fall
Kandla Vessel Line Up - 3 DEC 2022
CBOT soybean futures settle firm, soyoil slips
DCE OIL COMPLEX EVENING CLOSING 02 DEC 2022
more
Top 5 News
Nafed Procures 25,824 MT Moong In Kharif-2022 Season So...
Major producing states witness arrival of 1,10,400 bale...
Cotton trade steady in Andhra & Telangana on limited mi...
Branded processed pulses at Mumbai APMC market- 3rd Dec...
Cotton prices steady at Karnataka markets on limited mi...
Top 5 Special Reports
Weekly: ICE Cotton holds up gains on short covering; De...
Weekly: ICE raw sugar post marginal gain for the week; ...
Soybean (Indore) Positive Short-term Trend / Next Res...
Chana Delhi (Rajasthan Line) Trending Higher / Next R...
US Cotton net export sales for Nov 18 -24 at 16,500 RB ...
Copyright © CC Commodity Info Services LLP. All rights reserved.