Brazilian Expansion Continues - Acreage increase of 38% in Tocantins
Safras Mercado, a Brazilian consulting firm, has issued a production update as of 2-25-04, lowering national production estimates to 56.568 MMT, significantly below the USDA’s current estimate of 61 MMT, but still managing a 10% increase over the previous crop of 51.417 MMT.
The shortfall has been attributed to a drop in yields, as the national average yield fell from 40.3 in 02/03 to 39.7 in the current production year, a drop of 3.4%. This decrease has been attributed to shortfalls in precipitation in the southern growing regions, and a excess moisture in the Center-West region of the country. A strong expansion in acreage continued in the current year, with an additional 6.2 million new soybean acres planted in the 03-04 production year, a 14% increase in acreage. The chart below highlights the acreage expansion in a selection of states. Chicago Farmers Meeting-Brazilian Agricultural Information If you have an interest in learning more about the Brazilian agricultural expansion, including information on how some Central IL farmers are seeking opportunities and how you can pariticipate as well, plan to attend the Chicago Farmers pre-meeting on March 8th at the Illini Center at Adams and Wacker in downtown Chicago. Click Here For More Information and to Register to Attend
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