AIRLINK 173.40 Decreased By ▼ -2.33 (-1.33%)
BOP 13.20 Increased By ▲ 0.08 (0.61%)
CNERGY 7.40 Decreased By ▼ -0.14 (-1.86%)
FCCL 43.54 Decreased By ▼ -0.37 (-0.84%)
FFL 14.90 Decreased By ▼ -0.11 (-0.73%)
FLYNG 26.45 Decreased By ▼ -0.45 (-1.67%)
HUBC 129.69 Decreased By ▼ -0.54 (-0.41%)
HUMNL 13.35 Increased By ▲ 0.01 (0.07%)
KEL 4.43 Decreased By ▼ -0.07 (-1.56%)
KOSM 6.00 Decreased By ▼ -0.06 (-0.99%)
MLCF 55.10 Decreased By ▼ -0.93 (-1.66%)
OGDC 215.16 Increased By ▲ 0.39 (0.18%)
PACE 5.95 Decreased By ▼ -0.03 (-0.5%)
PAEL 41.40 Increased By ▲ 0.50 (1.22%)
PIAHCLA 16.70 Increased By ▲ 0.38 (2.33%)
PIBTL 9.58 Decreased By ▼ -0.17 (-1.74%)
POWER 11.65 Decreased By ▼ -0.11 (-0.94%)
PPL 182.94 Increased By ▲ 1.46 (0.8%)
PRL 34.17 Decreased By ▼ -0.05 (-0.15%)
PTC 22.88 Decreased By ▼ -0.18 (-0.78%)
SEARL 94.00 Decreased By ▼ -1.72 (-1.8%)
SILK 1.17 Increased By ▲ 0.03 (2.63%)
SSGC 35.58 Increased By ▲ 0.13 (0.37%)
SYM 15.80 Increased By ▲ 0.05 (0.32%)
TELE 7.80 Decreased By ▼ -0.07 (-0.89%)
TPLP 10.88 Decreased By ▼ -0.10 (-0.91%)
TRG 60.60 Increased By ▲ 0.10 (0.17%)
WAVESAPP 10.75 Decreased By ▼ -0.06 (-0.56%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.79 Increased By ▲ 0.02 (0.53%)
BR100 12,084 Increased By 30.8 (0.26%)
BR30 36,591 Increased By 123.8 (0.34%)
KSE100 114,135 Decreased By -221.2 (-0.19%)
KSE30 35,233 Decreased By -114 (-0.32%)

SAO PAULO: Two agribusiness consultancies on Friday lowered Brazil’s soybean crop estimates citing dry and hot weather in major growing states like Mato Grosso.

National soybean production in 2023/24 is expected to total 149.076 million metric tons, a 5.5% drop over the previous season’s harvest, which stood at 157.83 million tons, according to a fresh a estimate by Safras & Mercado.

Last month, the projection was for production of 151.36 million tons, but adverse weather conditions spoiled the crop’s prospects, according to Safras data.

Cogo, another agribusiness consultancy, also reduced the projection for the season’s soybean harvest to 148.5 million tons on Friday. That compares to 155.2 million of Cogo’s previous forecast and is 9.1% below the initial estimate of 163.4 million tons, when the country seemed poised to produce a record harvest driven by strong yields and area expansions.

“Good yields in the South and Southeast regions should compensate part of the losses expected for the Center-West, North and MATOPIBA regions,” Cogo said.

If rains do return to Rio Grande do Sul next week, as expected, the state should produce a record soybean crop this year, Cogo said.

Comments

Comments are closed.