Hot, dry weather in Mato Grosso, Brazil’s top soybean producing state, is expected to reduce soybean production by around 20% in 2023-24, according to farmer group Aprosoja. The group’s survey of more than 600 producers in the state forecast soybean production at 36.15 MMT, which would be down 9.16 MMT (20.2%) from last year, driven by a 20.3% expected drop in yields. Aprosoja also said the situation could worsen if rains do not come soon and normalize conditions.
Of those surveyed, 34.3% of the farmers said their crops are in good or excellent condition, while 37.7% said the crop is in fair condition and 27.6% said fields were in bad or very poor condition.
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