RIO DE JANEIRO, BRAZIL - Brazilian producers will expand their soybean acreage for the 15th consecutive year due to strong demand, a survey by consultancy Datagro showed Friday.
According to Datagro, soybean acreage in the world's largest producer and exporter is expected to increase 4% to 40.57 million hectares in the 2021/2022 cycle. Brazil should produce about 144 million tons of soybeans in the next harvest, which will begin around September.
If confirmed, next year's production, which will be harvested starting in late January, will be 5% higher than the estimated production of 136.96 million tons . . .