Brazil: Record Soybean Crop

Matt Hopkins Posted by Matt Hopkins|3 June 2008

Brazil has achieved a record 60.1 million metric ton (MMT) soybean crop on 21.7 million hectares (Ha), according to the US Dept of Agriculture’s Foreign Agriculture Service (USDA-FAS).

With high international prices and good overall weather conditions, the country’s Oilseed sector is in a very healthy position. The 60.1 MMT crop was 1 million higher than last year on approximately 4% more area.

Brazil’s overall soybean yield, nearly identical to last year’s, is expected to reach 2.8 tons per Ha. Fewer occurrences of soybean rust contributed to this season’s positive outcome.

Production and area in 2008/09 are projected to increase by 7%, increasing production to what would be a new record of 64.3 MMT.

Top Articles
ECCA Calls on Incoming Irish EU Presidency to Strengthen Legal Certainty in Omnibus X