USDA is still at 158.5. They can't both be right.
Aprosoja Brasil estimates 2023/2024 harvest at 135 million tons
Producers who participated in a meeting of the Soy Sector Chamber, on January 11th, in Brasília, expressed their concern about the losses resulting from climate instability in all regions of the country.
Based on data collected by the 15 State Aprosojas, the 2023/2024 harvest already reaches 135 million tons, at most, numbers well below what has been released by public and private institutions and companies in Brazil and abroad.
These data take into account the water stress to which the Central-West states were subjected, such as Mato Grosso, Goiás and Mato Grosso do Sul, and the excess rainfall in areas of these same states, making grain harvesting work difficult and leading to even greater losses to producers.
There are also strong reports from producers in the south of the country, mainly in the state of Paraná, who suffered from excessive rainfall at the beginning of planting and are now facing a lack of rain in areas where soybeans are in the reproductive phase, which compromises the crop productivity. Due to all this instability, Aprosoja Brasil projects an even lower number, if the climate does not change.
According to the directors of Aprosoja Brasil, the publication of data on the market about the harvest that do not match reality has caused a downward trend in prices. Producers, in addition to having reduced productivity, have to deal with prices that are incompatible with reality, causing losses to soybean growers and producing regions.
“When the producer receives a value below what his product is really worth, and which does not cover the cost of production, the loss is not only borne by the producers, but is shared in the form of a reduction in economic activity in the producing regions, which means a reduction in jobs and investment opportunities. In addition to causing producers throughout Brazil to leave their activity, it reduces revenue from municipalities, the state and the Federal Government”, warns Aprosoja Brasil.
Given this situation, the entity recommends that producers take extreme caution and readjust their businesses in the face of this harsh reality. And to the commercial partners who finance the harvest, Aprosoja Brasil asks them to demonstrate the value of the partnership in the face of the producers' eventual inability to honor all scheduled commitments.
Aprosoja Brazil
Aprosoja Brasil estimates 2023/2024 harvest at 135 million tons
Producers who participated in a meeting of the Soy Sector Chamber, on January 11th, in Brasília, expressed their concern about the losses resulting from climate instability in all regions of the country.
Based on data collected by the 15 State Aprosojas, the 2023/2024 harvest already reaches 135 million tons, at most, numbers well below what has been released by public and private institutions and companies in Brazil and abroad.
These data take into account the water stress to which the Central-West states were subjected, such as Mato Grosso, Goiás and Mato Grosso do Sul, and the excess rainfall in areas of these same states, making grain harvesting work difficult and leading to even greater losses to producers.
There are also strong reports from producers in the south of the country, mainly in the state of Paraná, who suffered from excessive rainfall at the beginning of planting and are now facing a lack of rain in areas where soybeans are in the reproductive phase, which compromises the crop productivity. Due to all this instability, Aprosoja Brasil projects an even lower number, if the climate does not change.
According to the directors of Aprosoja Brasil, the publication of data on the market about the harvest that do not match reality has caused a downward trend in prices. Producers, in addition to having reduced productivity, have to deal with prices that are incompatible with reality, causing losses to soybean growers and producing regions.
“When the producer receives a value below what his product is really worth, and which does not cover the cost of production, the loss is not only borne by the producers, but is shared in the form of a reduction in economic activity in the producing regions, which means a reduction in jobs and investment opportunities. In addition to causing producers throughout Brazil to leave their activity, it reduces revenue from municipalities, the state and the Federal Government”, warns Aprosoja Brasil.
Given this situation, the entity recommends that producers take extreme caution and readjust their businesses in the face of this harsh reality. And to the commercial partners who finance the harvest, Aprosoja Brasil asks them to demonstrate the value of the partnership in the face of the producers' eventual inability to honor all scheduled commitments.
Aprosoja Brazil
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