August 8, 2008

Brazil 07-08 soy harvest estimated at 60 million tonnes

Brazil should harvest 60 million tonnes of soy in the 2007-08 crop, the National Commodities Supply Corp, Conab, said Thursday (August 7).

Conab said Brazil should harvest 2.9 percent more than the 2006-07 coy crop.

Conab's last estimate in July was 59.8 million tonnes of soy for the 2007-08 crop.

Brazilian farmers should plant 21.3 million hectares of soy in 2007-08 compared to 20.6 million hectares in 2006-07, said Conab.

Brazil is the No. 2 soy producer behind the US.

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