Conab: 2009/10 Annual Brazilian soybean production is estimated at 68.7 million tons

Beijing DELHI, June 9 news: According to Brazil's National Commodities Supply Corp (Conab) 6 issued on 8 of the ninth output projection, the 2009/10 Brazilian soybean production is estimated at 68.7 million tons. Production than the previous year increased by 20.2% 57.2 million tons, compared with May soybean production Conab had expected 67.9 million tons. Conab said the soybean acreage continues to grow, farmers reduce the size of corn planting. In addition, good weather has also boosted the soybean yield. Conab soybean area for 2009/10 is expected to reach 23.4 million hectares, compared to 21.7 million hectares in 2008/09, in May forecast of 23.2 million hectares. Conab estimated the number one producing state of Mato Grosso soybean production was 18.7 million tons, compared to 18 million tons last year, but this is consistent with the forecast in May. The second largest ...