LatinNews Daily - 25 August 2022

In brief: Record soya harvest projected in Brazil

* Brazil’s Companhia Nacional do Abastecimento (Conab), the logistics arm of the agriculture ministry, has projected in an official statement that the total production of grain crops could reach 308m tonnes in the 2022/23 harvest. Conab attributes the projection to the strong performance of the corn, soya, rice, legume, and cotton markets, the products that form more than 90% of Brazil’s grain crop output. Conab also indicated that soya is likely to reach a “record” 150.36m tonnes. The statement cited Conab’s director of agricultural information and policies, Sergio de Zen, as saying that “the profit margins for suppliers remain positive, even with high production costs.

End of preview - This article contains approximately 106 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.