Brazil's soybean output projected to fall 6.7% year-over-year to 69.8 million tonnes in crop year that began Aug. 1, after drought damages crops, forecast says

LOS ANGELES , March 5, 2012 () – Brazil’s soybean harvest is projected to fall this year after crops suffered drought damage, forecaster Celeres said, Bloomberg reported March 5.

Production for the crop year that began Aug. 1 will fall 6.7% year-over-year to 69.8 million tonnes, down from a previous estimate of 72 million tonnes, Celeres said.

The primary source of this article is Bloomberg, New York, New York, on March 5, 2012.

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