October 25, 2011
Brazil's 2011/12 soy crop to reach 75.3 million tonnes
Brazil's 2011/12 soy crop was projected to record 75.3 million tonnes, up 1% from 74.3 million tonnes this season, crop analysts Safras e Mercado said.
Safras gave no further details.
The forecast is roughly in line with grain sector consultants Celeres who see the new crop at 75.2 million tonnes against 74.9 million tonnes from the old crop.
The government's official forecast from crop supply agency Conab is seen at 72.2-73.3 million tonnes in the new crop, down from the 75.3 million tonnes harvested earlier this year, which would make it the largest annual drop in decades.