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Brazil is expected to double its production of soybeans and corn in ten years
Gazeta Mercantil
Săo Paulo - Brazil could double its production of soybeans and off-season corn in 10 years, according to estimates by Agroconsult. With this, the country would be the world's biggest soybean producer. The growing world demand for meat will increase consumption of soya meal and corn, provoking increases in the American, Argentine and Brazilian crops. "The growing demand for meat will provoke a need for another 60 million tonnes of soybeans," said Agroconsult analyst André Pessôa. During the latest harvest, Brazil gathered 50.6 million tonnes of soybeans. According to the Agroconsult projerction, it will be 99 million for the crop of 2015/16. The consulting company also foresees that by that year, the off-season corn crop will have increased from the current 7.5 million tonnes to 16.5 million. In Pessôa's evaluation, Brazil would increase the size of its crops to serve the markets that its competitors do not manage to serve, for lack of space to expand the cultivation. During the 4th Brazilian Agribusiness Congress, Pessôa said that the outlook for the next decade is that growing world consumption of meat will be greatest in the developing countries, with an average of about 2% a year during the period. He also foresees that, due to climatic factors, the United States will have losses during the next two crops due to drought. Despite this, in 2015/16, the country will be producing 85.5 million tonnes. During this same period, Argentina will reach the level of 53 million tonnes. Pessôa believes that there will be an increase in the area cultivated in Brazil, primarily in the agricultural frontiers in the Midwest, South of Pará and Bahia. In 10 years, he sees another 7.1 million hectares being incorporated into soya cultivation. In the next decade, Agroconsult also believes in growing grain productivity, rising from the current 45 sacks per hectare to 55. The forecast did not consider eventual losses due to climatic factors. Becoming the world's biggest soya producer, Brazil will take part of the world international market that today is in the hands of the United States, moving from 23% of world sales to 33%. To reach that goal, Brazil will need investments. Pessôa emphasized the logistics problems, the need for agricultural security and lower costs. "These are actions of the government but also of all the productive chain," he said. The consultant forecast that, during this period, part of the area planted to soya in the United States will be switched to corn for use in making ethanol
MGR Archive 29.6.2005
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Russia Rapan $ 700
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USA Calrose #1 $830
USA Calrose #1 Paddy $480
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