Agroconsult reduced Brazilian soybean production to 53.1 million tons
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: on Friday, agroconsult, an independent Brazilian analysis agency, released a forecast to reduce Brazil's soybean production in 2004 / 05 to 53.1 million tons, far lower than the 58.4 million tons predicted by the company at the end of February The reason for the reduction is that the soybean crops in southern Brazil are severely damaged by the dry weather At present, the output forecast of agroconsult is the lowest among all private forecasting agencies, and the forecast of other agencies is higher than 56 million tons Traders point out that Brazil's soybean production potential has been declining due to continuous dry weather in Rio Grande and Parana in southern Brazil
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