Brazil to expand soybean area by 3% in new crop despite high costs

A survey of eight analysts conducted by Reuters found that soybean acreage could reach a record 42.2 million hectares in the new season, paving the way for an increase in grain production coupled with a potential increase in productivity.

RIO DE JANEIRO, BRAZIL - Farmers in Brazil, the world's largest producer and exporter of soybeans, are expected to expand soybean acreage by about 3 percent in the 2022/23 crop, which will be sown from September, as they continue to expect positive profitability even in an environment of higher costs.

A survey of eight analysts conducted by Reuters found that soybean acreage could reach a record 42.2 million hectares in the new season, paving the way for an increase in grain production coupled with a potential increase in productivity.

Preliminary forecasts from experts point to a historic 147 . . .

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