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Brazil's Planting Intentions Report Says Soybean Production Up

Brazil's Planting Intentions Report Says Soybean Production Up

11 October 2012

BRAZIL - Brazil's grain yield for the 2012/13 crop is expected to be 182.27 million tonnes, 10 per cent higher than 2011/12, according to the first survey of planting intentions presented on Tuesday, October 9, by the National Supply Company (Conab) under the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA).

The projected growth varies between 50.93 and 52.21 million hectares, which represents an increase of 0.2 to 2.7 per cent or 80,100 to 1.36 million hectares (ha), compared to the area planted in the previous season.

The study indicates soy will drive this growth with an increase in productivity between 13.68 million and 16.43 million tonnes.

The figures released confirms what was already expected - the record harvest is being pushed higher by soybeans, said director of Marketing and Agricultural Supply Map, Edilson Guimaraes.

Soy was the only grain that showed growth in the survey, which also included cotton, rice, beans and first-crop corn. The increase is from 5.5 per cent to 9.1 per cent or between 26.42 and 27.33 million hectares higher than the crop year 2011/2012, which scored 25.04 million ha.

The ministry said the increase in production is due to high soybean prices in the global market and crop failures in major exporting countries.

Director of Agricultural Policy and Information Conab, Silvio Porto, also highlighted the growth of oilseed production, an increase estimated at 13.68 million and 16.43 million tonnes compared to the last study. The first corn harvest had an increase between 653,200 and 2.01 million tons. As for the beans first crop, the forecast is for growth of between 45.9 and 84.9 thousand tons.

The survey was conducted 17-28 September, 2012 and involved 50 field technicians who were in the main producing regions of the country.

TheCropSite News Desk



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