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Brazil's soy harvest estimates cut to 86.1 million tonnes

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Publish time: 20th March, 2014      Source: www.cnchemicals.com
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March 20, 2014

   

   

Brazil's soy harvest estimates cut to 86.1 million tonnes

   

   

   

Abiove, Brazilian crushing association, lowered its forecast for the current soy crop to a still-record 86.1 million tonnes from 88.6 million tonnes in February.

   

   

Abiove also said 44 million tonnes of soy rather than 44.5 million tonnes would be available for export.

   

   

The association does not explain why it revises its forecasts, but government and private consultancies have similarly cut their outlooks for the crop due to dry weather earlier this year.