Due to drought, Paraguay cuts its soybean production projections by up to 40%

The Ministry of Agriculture reported that between 6 and 7 million tons of soybean would be harvested, compared to the 10 million tons initially expected.

RIO DE JANEIRO, BRAZIL - The drought is also having a strong impact on neighboring countries. This is the case of Paraguay, where it is estimated that there could be up to 40% less than the 10 million tons of soybeans projected by the Ministry of Agriculture.

According to official estimates, the nation would reach between 6 and 7 million tons. This news is relevant for the international market since Paraguay is the fourth largest oilseed exporter.

Paraguayan Minister of Agriculture, Moisés Bertoni, explained: "The estimate of 10 million tons of soybeans was made based on an average of 2 . . .

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