Brazilians Are Again in the Streets Calling for Another President's Ouster
Brazil's President Michel Temer promised he would step in should legislators under suspici...

Read more

A Look from Brazil: How Did Trump Happen?
On Wednesday morning, November 9, The New York Times headline in double-sized print read ...

Read more

The Temer Administration Wants to Put Brazil in a Straitjacket for 20 Years
Brazilian President Michel Temer has been trying to take drastic steps to address the eco...

Read more

A Publisher on a Mission: Offer Rubem Alves, a Brazilian Treasure, to the English-Reading World
Rubem Alves is one of Brazil's most beloved and widely read writers. His essays, stories,...

Read more

 Until Recently Brazil's Most Powerful Politician, Ex House Speaker Is Now a Jailbird
Impeached Deputy Eduardo Cunha was arrested this Wednesday, October 19, in Brazilian capi...

Read more

Gang Fight in Brazil Prison Leaves 25 Dead: 7 Decapitated, 6 Burned
At least 25 Brazilian prisoners were killed – many of them in the most grisly fashi...

Read more

There Stood Brazil's Bibi Ferreira, 94, in Fabulous Form, on Broadway
On June 1, 1922, when Bibi Ferreira let out her first wail as the newborn infant of theat...

Read more

While Some Call Brazil's 20-Year Freeze, Shock Therapy, Foreign Markets Are Cheering
Brazilian President Michel Temer is a step closer to cementing his long-term austerity pl...

Read more

There's Something About the State that Brazilian Neoliberals Hate
At the same moment that the lower chamber of the Brazilian congress was moving forward wit...

Read more

The Media and the Three Powers in Brazil Join in a Crusade to Exterminate the PT
The debate over whether the regime change in Brazil constituted a coup hinges on whether ...

Read more

Every Six Days, a Guarani Indian in Brazil Kills Himself. This Has to Stop
We need to talk about the mental health of the Guarani-Kaiowá people in Brazil. Wo...

Read more

IMF Is Bullish on Brazil Again
The International Monetary Fund (IMF) is projecting that Brazil will surpass Italy next y...

Read more

Angola Affair: One More Nail on Former Brazil President Lula's Coffin
Brazilian federal prosecutors in the Federal District filed charges against former presid...

Read more

Despite Improvement in the Fear Index, Brazilian People Are Far from Satisfied
The Fear of Unemployment Index reached 51.2 points in September, down 6.7 from June, the ...

Read more

Brazil House Approves Constitutional Amendment Limiting Public Spending for 20 Years

Brazil's Chamber of Deputies on Monday night (October 10) voted 366-111 (with two a...

Read more

Brazilians Are Again in the Streets Calling for...
A Look from Brazil: How Did Trump Happen?...
The Temer Administration Wants to Put Brazil in...
A Publisher on a Mission: Offer Rubem Alves,...
Until Recently Brazil's Most Powerful Politician, Ex...
Gang Fight in Brazil Prison Leaves 25 Dead:...
There Stood Brazil's Bibi Ferreira, 94, in Fabulous...
While Some Call Brazil's 20-Year Freeze, Shock Therapy,...
There's Something About the State that Brazilian Neoliberals...
The Media and the Three Powers in Brazil...
Every Six Days, a Guarani Indian in Brazil...
IMF Is Bullish on Brazil Again
Angola Affair: One More Nail on Former Brazil...
Despite Improvement in the Fear Index, Brazilian People...
Brazil House Approves Constitutional Amendment Limiting Public Spending...

Brazil Expecting a 10% Drop in Grain Crop

Soy plantation in Brazil The 2008/09 Brazilian harvest is forecasted to experience a loss of 5 to 10% compared to the previous record crop of 143 million tons, according to Katia Abreu, president of the Brazilian Agriculture and Livestock Confederation (CNA).

"We estimate a drop close to 10% in the next grain and oilseed crop relative to 2007/08," said Ms Abreu during the CNA annual assessment for the agriculture sector and prospects for the next season.

Ms Abreu pointed out that the main indicators for a crop contraction was an 8% drop in the consumption of fertilizers and a reduced area for corn. The price of fertilizers has soared several times in the last two years.

She also mentioned increasing difficulties to sell the crops, lack of sufficient storage and the credit crunch.

"So far, for example, only 18% of green soybeans have been sold. At this time last year the volume which had been traded had reached 50% of the oilseed crop," underlined the CNA president.

CNA financial advisor Guilherme Dias supported Ms Abreu's statements and concerns about future crops.

"Brazilian agriculture needs to reformulate its financial structure," said Dias adding that the first step is for farmers "to be organized as a modern rural company, capable of surviving the new challenges," which means more transparency in its dealings all along the chain.

"Without transparency it's very difficult to establish a crop insurance system for farmers," he emphasized.

In related news Argentina reported that during the first nine months of 2008, it had exported 22% more soybeans, (in spite of the several month long farmers' conflict), although sales of soy cooking oil and flour derivates had fallen.

The latest release from the Secretary of Agriculture states that 10.5 million tons of soy beans were exported between January and September compared to 8.6 million tons in the same period a year ago.

However soy oil exports were down 12% to 4.12 million tons from 4.69 million tons in the first nine months of 2007.

Argentina is the world's leading exporter of soy oil and flour and ranks third in soy beans. China is Argentina's main client both for beans (7.8 million tons this year) and oil (1.34 million tons).

During the first nine months of this year, Argentina also exported 6.48 million tons of wheat (down 9.5%) and 13.4 million tons of corn (up 5%).

Argentina's grain and oil seed 2007/08 crop reached 46.2 million tons compared to 47.5 million in 2006/07, according to Agriculture statistics.

Mercopress

Add comment

Security code
Refresh

Who's Online

We have 7399 guests and no members online

Statistics

Users
5
Articles
17366
Articles View Hits
130344282

----------

Option Accounts

----------

Make money with binary options

----------

Only useful paper writing tips Doing homework assignments isn't hard, all you need is our advices and help