Despite the changing climate, in Brazil, soybean harvest from one hectare increased by 20% over 10 years. In addition, during this time there was an expansion of 50% of the sown area.
Thus, the US, the world's leading bean producer, has been removed from the top of the ranking. Given that last season, due to extreme weather conditions in the states, 20% less soybean crop was collected (97 million tons).
According to analysts, the soybean crop in South America this season will be 126 million tons more than last year, with an average yield of 3.4 tons per ha. According to the USDA, it is 6% above the five-year average. The total sown area will be 37 million hectares. Harvesting is in full swing. Almost half of the volume is removed. Work will continue until May.
Did you know? PeChina has the first place in soybean consumption in the world.
Meanwhile, in Argentina, analysts predict a harvest of 54 million tons of soybeans, which is 2% less than last year. The average yield will be 3.2 tons per hectare, which is 5% lower than in 2019. The sown area in this country is 17 million hectares.
Brazil is expected to account for 37% of global soybean production by spring 2020.
- Today, only fifty-four percent of the crops of a crop such as soybeans are in good and excellent condition on farmland in the United States of America.
- In mid-spring of this year, a campaign for sowing soybeans started in the Amur Region, but heavy rainfall, which nearly thwarted the plan of local farmers, became a significant obstacle to the sowing process.
- According to He Zhenwei, secretary general of the Overseas Enterprise Development Association of the People’s Republic of China, the authorities in his country are seriously considering increasing purchases of Russian soybeans.
