Brazil will produce 171.3 MMT of soybeans in the 2024/25 season, less than the 172.4 million tons forecast in January, agribusiness consultancy Agroconsult said on Wednesday after inspecting about half of the fields in a nationwide crop tour. Problems in Rio Grande do Sul and Mato Grosso do Sul, where farmers “abandoned” some areas and losses are “irreversible” in some places, have been mostly offset by good yields in other states, the consultancy said.
In Mato Grosso, Agroconsult expected an average yield of 63 bags per hectare before the crop tour. The yield forecast has now been increased to a record 66.5 bags per hectare. For the first time, Mato Grosso’s soybean production may surpass 50 MMT, Agroconsult said.
