March 9, 2007

Brazil's IBGE raises 2006/07 soy crop to 56.6 million tonnes

Brazil's census and statistical bureau, IBGE, raised the country's 2006/07 soy crop output by 0.5 percent this month to a total 56.6 million tonnes Thursday (Mar 8).

IBGE cited better-than-expected output in Parana. Production rose 2.2 percent from IBGE's estimate last month to 12.1 million tonnes. Parana is the no. 2 soy producing state behind Mato Grosso in the centre-west region.

IBGE's figure is similar to the National Commodity Supply Corp's figure of 56.7 million tonnes announced on Tuesday.

Brazil is the world's no. 2 soy producer behind the US.