• Categories
  • Archives

Brazil on Its Way to Break a New Record Harvest, Led by Soy

Brazilian bean Brazilian Conab (National Food Supply Company) released data this Thursday, November 8, hinting that Brazil in the 2007-2008 grain crop may once again break a record. Estimates point to a harvest of 135.5 million tons, 2.9% or 3.8 million tons more than in the previous crop.

Conab is optimistic due to the expansion in planted area, "driven by the products' good market prices," although weather in the months to come will be a determinant factor.

The highlights remain the same: soy, at an estimated production of 59.4 million tons, 1.7% more than the 58.4 million tons recorded in the last harvest; the first crop of corn, which should total 37.3 million tons, or 2% more than in the last crop; and cottonseed, at 2.5 million tons, a 5.5% increase.

The expectation for the first crop of bean has maintained its trend of a 6% decrease, and should total 1.47 million tons, due to the lack of rain and the low temperatures in producer states in the months of August and September, according to the Conab.

The estimated increase in planted area stood at 1.2% using the same basis for comparison. Total planted area should be 46.8 million hectares, against 46.2 million for the previous crop.

Soy remains the leading agricultural product, rising from 20.7 million to 21.2 million hectares due to resumption of planting in areas that had stopped being cultivated in the 2006-2007 harvest. Next up come the first crops of corn (from 9.5 million to 9.8 million hectares) and cotton (from 1.1 million to 1.2 million hectares).

The Conab field survey was conducted by 41 technicians from September 22nd to 26th. A total of 990 informants were interviewed in 330 municipalities, including representatives of cooperatives, public and private organizations, financial agents, and farmers in the states of the center-south region of Brazil, Piauí­, Maranhão, Rondônia, Tocantins, and Bahia.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Gets First Exclusive Publication for iPad. It’s a Free 24/7 Experience

Brazil is getting a glimpse of its first media interface developed specially for the ...

Brazilians Cheer the New Year with Bullish Push

Brazilian and Latin American stocks gained ground on friendly signals from the U.S. Federal ...

Eyes Wild Open

More than $1.4 billion was spent on Sivam, which consists of a monitoring system ...

35 Countries Gather in Brazil to Discuss Grain Storage

Representatives of 35 countries are participating in the 9th International Working Conference on Stored ...

Brazilian Firm in Bid to Build 750-mile Highway in Algeria

Brazilian construction company Andrade Gutierrez is going to participate in tenders for the construction ...

Brazil’s Formula to Expropriate Rural Property for Land Reform

A new formula developed by Brazil’s Ministry of Agrarian Development (MDA) to calculate the ...

Higher Interests in US Lower Brazilian Shares

Latin American markets returned early gains, following U.S. markets lower, after a U.S. Federal ...

Brazil Gave Away World’s Second Largest Mining Complex. The People Want it Back

In a plebiscite organized by 200 social organizations from Brazil, almost four million people ...

Brazilians Having a Hard Time Getting Out of Egypt

Brazilians in Egypt are having difficulties getting out of the country where daily demonstrations ...

Military guard foreign oil company in Bolivia

Self-Righteous Indignation Marks Bolivian Nationalization and Spoils Brazil’s Party

On April 21 Brazil announced, amid much fanfare, that it was self-sufficient in oil. ...