August 13, 2014
Oil World: Brazil may stop planting safrinha soy crop
Oil World said that Brazil will probably stopplantingsafrinha soybean crop in Mato Grosso due to poor results, Bloomberg reported.
Farmers in Mato Grosso, the top soybean producing state in the country, only harvested about 300,000 hectares of safrinha soybeans, which were planted in the same fields after crops from the main oilseed harvest were collected in January and February.
Farmers plant soybeans for Brazil's main harvest in September and collect most crops from January to April. Oil World pointed out that because of crop disease, especially Asian rust fungus, "there is concern about very little growth in average yields in Mato Grosso during the past 12 years."
Brazil, the world's second-biggest soybean exporter, harvested about 85.7 million tonnes of soybeans in the 2013-14 season, less than the estimated 86.3 million tonnes.