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Brazil's soybean production to rise

01/24/2014 @ 8:59am

Brazilian farmers will grow 91.8 million tons of soy in the 2013/2014 growing season, an increase from the previous year, consultancy Safras & Mercado said Friday.

Brazil is the world's second-biggest soy producer after the U.S. The Brazilian government and other groups are forecasting a harvest of more than 90 million tons of soy this year, which would be a record.

Safras' forecast is for a 12% increase from the 2013/2013 harvest and is also an increase from Safras' December forecast for 90.9 million tons.

Brazilian crop agency Conab has forecast a soy crop of 90.3 million tons for the 2013/2014 season.

Write to Jeffrey T. Lewis at Jeffrey.lewis@wsj.com

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(END) Dow Jones Newswires

January 24, 2014 09:55 ET (14:55 GMT)

DJ Brazil Soy Production to Reach 91.8 Million Tons in 2013/2014--Safras->copyright

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