Brazil Soybean 2014

According to Agriculture Minister Antonio Andrade of Brazil, the Latin American country’s output of Soybeans is set for a record breaking harvest in 2014 after an increased amount of rain and heightened investment in fertilizers looks set to boost yields.

Andrade has estimated that Brazil’s market can produce 95 million metric tons of the versatile crops, which can be used to create foodstuffs such as meat alternatives like tofu, soy milk, and vegetable oil, it can even serve as feed for cattle.

If the Brazilian minister is correct in his estimation, this year Brazil could see their harvest overtake that of the world’s current biggest producer, the United States.

However, according the U.S. Department of Agriculture’s latest report, Brazil is predicted to produce 88 million metric tons while the U.S. will remain in top spot for the honor of producing the most soy by producing 88.7 million tons.

Source: The Rio Times



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