Due to drought in the country, Paraguay’s soybean production could drop to 5 MMT this year from 10 MMT last year, according to Agriculture and Livestock Minister Santiago Bertoni. Yields in most areas fell to 1 MT per hectare, compared to the average of 2.8 MT per hectare. According to industry figures, Paraguay had produced over a 5 MMT soybean since 2011-12 when it produced just over a 4 MMT crop.
Bertoni said the entire sector is renegotiating contracts due to a lack of supply. Some mills are looking at importing soybeans from other South American countries.
