October 4, 2011

 

Brazil's new soy yield to hit 75.2 million tonnes

 

 

Brazil's current 2011/12 (September-August) soy harvest is seen at a record 75.2 million tonnes in contrast to last season's 74.9 million tonnes, according to analyst Celeres on Monday (Oct 3).

 

According to Reuters, area planted to soy is forecast to reach record territory at 25 million hectares (61.8 million acres), up 3.6% from last season, Celeres said in its monthly forecast of the crop.

 

The bulk of the growth in planted area this season will come from the main centre-west states of Mato Grosso, Goias and Mato Grosso do Sul, which together will increase area by 4% to 11.26 million hectares.

 

The northeastern soy belt will also expand rapidly but from a smaller starting point of cultivated area. The northeast will grow 7.8% to two million hectares.

 

The current forecast for output and area is unchanged from Celeres' early September view of the new crop.

 

"The first planting operations have begun in some regions and are close to starting in others," Celeres said.