Deral: Brazil's Parana state is expected to increase soybean production by 20% in the 2024/25 year.

Golden Ten Futures, August 29th, according to foreign media reports, according to the first estimate of the Ministry of Rural Economy (Deral) of Parana State in Brazil, the soybean production in Parana State in 2024/25 is expected to be 22.33 million tons, an increase of 20% from the 18.56 million tons in the previous year. Deral expects that the planting area is basically stable compared with the previous year, 5.80 million hectares. The planting work in the new year is expected to start in September, and the specific time will depend on the arrival of the first rain. As one of the main soybean producers in Brazil, the harvest in Parana State last year was lower than the potential yield due to the drought. Deral expects the average soybean yield in the 2024/25 year to increase to 3.847 tons per hectare.