A relentless drought in Rio Grande do Sul continues to limit Brazil's soybean output potential this year and risks altering analyst estimates that the country will produce a historically large crop above 150 million tonnes.
In the worst case scenario, output there could fall by 40% to 12.6 million tonnes, a large drop from the state's 21 million tonne production potential, said Decio Teixeira, vice-president of Rio Grande do Sul's farmer group Aprosoja-RS.
He said in the previous season, the state's output was below 10 million tonnes, as the weather was also extremely dry. "The difference is that last year we had more than 60 days without rain. This year the rain came, but very sparsely and in homeopathic doses," Teixeira said.of the grain this season, up 21.8% after last year's drought spoiled a lot of the crop.
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