Losses in Rio Grande do Sul Soybean Crop Total at Least 2.4 Million Tons

On Monday, Brazil's soybean crop for 2023/24 was estimated at 142.82 million tons, taking into account a loss of 2.4 million tons in Rio Grande do Sul's production.

The decrease in Rio Grande do Sul's production was partially offset by positive adjustments in other states. The national crop number was reduced by only 360 thousand tons compared to the previous estimate.

"There was a slight increase in productivity observed in Bahia, Maranhão, and Piauí, while there was a sharp drop in production in Rio Grande do Sul, which lost more than 2.4 million tons compared to the initial production potential." The projection of 2.4 million tons lost in Rio Grande do Sul due to floods uses "quite" conservative parameters.

Floods were the factor with the "greatest catastrophic power, if we can put it that way." "However, the rainy pattern established in Rio Grande do Sul has also caused quality losses."

Even in regions that were not flooded, heavy rains are hindering the harvesting of already mature soybeans, reducing the quality of the product.