In Brazil Soy Is Still King, But Cotton and Sugarcane Are More Profitable

In 2004 there was too much rain in some regions and drought in others. The result was a drop of 4.56% in soy production, compared to 2003. Even so, Brazil remains the world’s second biggest soy producer, behind only China.

Soy now accounts for 30% of all farm production in Brazil, and occupies the largest amount of cropland (21.6 million hectares).

However, the most profitable crop in Brazil in 2004 was cotton. Cotton cropland was up 72.7%, mainly because of good prices on international markets.

The second most profitable crop in Brazil nowadays is sugarcane, mainly because of demand for sugarcane-based ethanol fuel for vehicles.

Cars that can run on both gas and ethanol, known as flex-fuel, have become very popular.

ABr

Tags:

You May Also Like

Brazilian Embraer’s 20-Year Forecast

Brazilian aircraft maker Embraer, based in the city of São José dos Campos, in ...

Brazil Hopeful Unemployment Rate Will Drop Below 10%

Brazil’s government is acting on the premise that it is possible to generate jobs ...

Brazilians Becoming Moms at Younger Age

To an increasing extent, Brazilian women are younger when they have their first child. ...

US Nun’s Murders Condemned in Brazil. Masterminds of Crime Not Tried Yet.

Two Brazilian men have been convicted of killing an American nun who spent decades ...

On the Hot Seat

Found in a trunk 24 years after its author’s death, The Yellow Sofa is ...

S&P Downgrades Brazil

Brazilian and Latin American equities climbed, alongside gains in U.S. stocks on increased merger ...

Brazil-Chile Summit Urges More Union in South America

Brazilian President Luiz Inácio Lula da Silva expressed satisfaction with Chile’s President Ricardo Lagos’ ...

Rio’s Christ the Redeemer, One of the Modern World’s 7 Wonders, Is 80

On October 12, the same day Brazilian Catholics honored their patron saint, Nossa Senhora ...

In Brazil, Rule of Law Is for the Birds

Brazil is a nation suffering from a substantial lack of commitment to the rule ...

Brazil Expecting Several Loans from Japan’s JBIC

Brazilian institutions and enterprises will sign next Friday, May 27, in Tokyo, with Japanese ...