Brazil Farmers Harvest 62.25% Of 2023/2024 Soybean Area Versus 62.88% At This Time Last Year

Brazil 2023/2024 Soybean Output Seen at 148.6M Tons: Safras

Brazilian soybean production in 2023/24 should total 148.601 million tons, with a reduction of 5.8% over the harvest from the previous season, which was 157.83 million tons, according to an emailed report from Safras & Mercado consulting firm.

• This is a 0.32% reduction over the previous forecast on Feb. 9, which was 149,076 millions of tons
• Safras sees an increase of 1.6% in the area, estimated at 45.41 million hectares
• In 2022/23, planting occupied 44.68 million hectares
• Survey points that average productivity should increase from 3,550 kilos per hectare to 3,289 kilos