Low Corn Prices Prompt Brazil Farms to Plant More Soy

Soy field in Brazil Fair weather and bigger demand for food from overseas should contribute for Brazil's grain crop that started in August and should last until late July next year to exceed the previous one by up to 6.5 million tons.

The first survey of the 2009/2010 cycle – carried out by the National Food Supply Company (Conab) and disclosed October 7 – estimates a harvest of between 139 million and 141.6 million tons, growth of between 2.9% and 4.8% compared with the 135.1 million tons harvested in the previous crop.

The increase in production is a consequence of the recovery of productivity, taking into consideration that planted area should range from 47.35 million to 48.06 million hectares, a variation of between -0.7% and 0.7% compared with the 2008/2009 cycle, when drought in southern Brazilian states led to significant losses, particularly in corn and soy cultures.

"We are not expecting to have as many weather-related issues as we did last year. This helps to place Brazil closer to the record-high figure of 144.1 million tons," said the president of the Conab, Wagner Rossi, in a press release.

To him, the low market price of corn should lead some of the farmers to replace the grain with soy crops, which may see record-high output.

The Conab estimates that the planted area for soy should grow between 2.6% and 4.2% and may total 22.65 million hectares, nearly half the planted area for grain. The average productivity should increase by 6.3%, totaling 2,794 kilograms per hectare and generating a harvest of between 62.26 million and 63.27 million tons, growth of up to 10.8%.

The survey was conducted from September 14th to 18th in the South, Southeast and Midwest regions of Brazil. In the North and Northeast regions, planting starts in December, therefore the Conab used data pertaining to the previous crop and average productivity for the past five years, not taking atypical years into account.

ABr

Tags:

Ads

You May Also Like

Brazil’s New President to Rule a Country with Boundless Ambitions

The last few decades have witnessed a variety of efforts to encourage the multilateral ...

Change or I’ll Live, Chávez Tells Brazil and Mercosur

Venezuela is interested in becoming a member of a “new Mercosur,” but if there’s ...

Brazil and Argentina Take First Step to Eliminate Dollar in Mercosur Trade

Luiz Inácio Lula da Silva and Cristina Fernandez de Kirchner, presidents of Brazil and ...

Brazil Embraer's Super Tucano

Brazilian Military Getting Ready for Vietnam-style US Invasion

South American societies are militarizing as a result of the regional superpower’s intervention, which ...

Brazil to Soon Export Government-Made AIDS Drugs

The Pernambuco Pharmaceutical Laboratory (Lafepe) in Brazil’s Northeast is beginning to get ready to ...

40 Years Off Key

That’s Bossa Nova It’s Quite Natural How did bossa nova start? It would be ...

Sea Lovers’ Heaven

CDs or Books by Keyword, Title or Author By Brazzil Magazine Rio Grande do ...

Fidel Paid for Lula’s Presidential Campaign, Says Brazil’s Leading Magazine

Brazilian  President Luiz Inácio Lula da Silva seems to be very upset with the ...

Brazil to Impose Bans on Chinese Products

Brazilian President Luiz Inácio Lula da Silva will sign, on the next days, two ...

Invasion of Brazilian Congress Caused US$ 45,000 in Damages

It is estimated that the damage caused by the members of the Movement for ...