Thursday, March 18, 2010

agricultural production up in Argentina and Brazil in 2010

Brazilian agroproduction is estimated to reach 145.1 million tons in 2010, 8.5% larger than that obtained in 2009 (133.8 million tons), according to Brazilian official statistical agency report of 9 March 2010. The area to be harvested, 47.9 million hectares, presents a 1.5% increase in relation to 2009, which was 47.2 million hectares.

The three main crops (rice, corn and soybeans), which account for 81.5% of the planted area, present variations of -3.8%, -4.1% and +5.9%, respectively, when compared to the 2009 harvest. As regards production, corn and soybeans recorded increases of +2.6% and +17.4%, whereas rice presents a decrease of -5.0%.

soy production in 2010 is expected to reach 66.9 million tons. The estimate for the coffee harvest is 2.8 million tons (14.4% larger than that of 2009).

Argentine soy production is estimated to reach 53 million tons in 2010 from 32 million tons in 2009.

This is good news for India since increased production especially soy will keep prices from going up. India imports soy oil and sunflower oil from Argentina, Brazil and Paraguay in large quantities.

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