Paraná raises soybean harvest forecast to 21 million tons, volume would be record: Deral

FILE IMAGE.  A machine loads soybeans in the state of Tocantins, in Brazil

© Reuters/Roberto Samora
FILE IMAGE. A machine loads soybeans in the state of Tocantins, in Brazil

SAO PAULO, Nov 25 (Reuters) – Paraná, one of Brazil’s leading soybean producing states, raised its oilseed harvest forecast on Thursday to a record 21 million tonnes in 2021/22, which would be a record. said a specialist from the Department of Rural Economy (Deral).

He cited a slight positive adjustment in the planted area, which will total 5.63 million hectares, and also good weather conditions, although some regions are already beginning to need rain.

Now Deral projects the harvest at 20.985 million tons, compared to the 20.8 million expected in October. The forecast points to an increase of 6% compared to last season, when the weather was less favorable.

“In general, the harvest is very good, there was an upward correction in the area, and production ended up increasing. If this estimate of almost 21 million is confirmed, it will be a record. It is still very early, but the outlook is good.” economist Marcelo Garrido told Reuters.

“We had some problem of drought in the sowing and excessive rains. Now some regions need rain, but in general the outlook is good,” he added, citing that 95% of the areas are in good condition.

For corn, the 2021/22 summer area was revised upwards and cereal production should increase by 35%, to 4.19 million tons.

For wheat, Deral slightly cut its monthly estimate for the 2021 crop, from 3.24 million tonnes to 3.21 million tonnes, the data showed.

(By Roberto Samora; Edited in Spanish by Javier Leira)

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