SAFRAS cuts Brazil’s soybean production estimate to 122.3 mln tons

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     Porto Alegre, May 10, 2022 – Brazilian soybean production in 2021/22 is expected to total 122.3 mln tons, down 11.4% from the previous season, which stood at 138.1 mln tons. The estimate was released by SAFRAS & Mercado.

     On March 4, when the previous report was released, the projection was 125.08 mln tons. The cut from the previous estimate is 2.22%.

     SAFRAS indicates an increase of 4.3% in the planting area, estimated at 40.87 mln hectares. In 2020/21, the planting occupied 39.19 mln hectares. The survey points out that average productivity must increase from 3,542 to 3,007 kg per hectare.

     New cuts were made in the average yield expected for the states of Rio Grande do Sul and Mato Grosso do Sul, some of the states that suffered from low moisture during the crop development. The harvest revealed that production losses were really significant and greater than those estimated in March, the month of the previous estimate.

    The positive highlight of this update was the state of Goiás, which had a new increase in expected average productivity. Besides, with the harvest completed, the states of Mato Grosso and Goiás confirm the highest average yields in history.

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