Cogo Intelligence in Agribusiness estimated the harvest of soy of Brazil in 2023/2024 at 155.2 million tons, as highlighted this Monday. The consultancy reduced its projection by around 5 million tons compared to December's figures.
In the report, the consultancy also stated that it should report new losses next month, as a result of the dry and hot weather in the north of the country.
For now, Cogo's projection still indicates a slight growth compared to last season, whose harvest totaled 154.6 million tons.
“Excessive rains in the South and water shortages in Matopiba, Pará and the Center-West impacted the planting of this crop,” he stated.
In addition, 650 thousand hectares of replanting were recorded in the Center-West, Matopiba and Minas, with abandonment of areas and changes to other crops, such as cotton.
Cogo predicts favorable rains between January and March, benefiting crops in Central Brazil and alleviating the drought in Matopiba.
“In this scenario, we reduced the projection for the 2023/2024 soybean harvest to 155.2 million tons, a drop of 5% compared to the initial estimate of 163.4 million tons,” he stated.
Finally, he highlighted that the good productivity forecast for the South and Southeast regions should compensate for part of the losses forecast for the Central-West and Matopiba regions. Cogo states that recent cuts cause irreparable breakdowns and reduced productivity, which will be detailed in the February report.
Source: Roberto Samora | Notícias Agrícolas
