Brazil Estimates 12% Bigger Harvest for 2005

The Brazilian Institute of Geography and Statistics’ (IBGE) first estimate for the 2005 agricultural harvest was announced today and indicates that production should attain 134.042 million tons, 12.32% more than the 2004 harvest.

In terms of the area already planted or to be planted with cereals, legume, and oilseed crops, the projection is that 48.436 million hectares will be cultivated, 2.27% more than the area cultivated in 2004.


The first Systematic Survey of Agricultural Production for next year shows that, despite the fall in prices on the domestic and foreign markets and the high cost of inputs, soybean production is expected to grow 28.23% in the major producing states.


“What is present in this initial outlook for soybeans in 2005 is that farmers have no alternative crops, since the prices of corn, soybeans’s chief rival, are unattractive.


“Since the characteristics of soybean sales are different (both on the world market and in future contracts), and liquidity is greater, it continues on the rise.


“Thus, the expected production for the 2005 season is on the order of 63.085 million tons, 28% more than the production obtained in 2004,” says the note released by the IBGE.


The tenth estimate of this year’s agricultural harvest, based on October’s data, revealed that production volume should amout to 119.337 million tons in 2004, 2.47% less than in 2003, when 123.632 million tons were harvested.


Agência Brasil
Translator: David Silberstein

Tags:

You May Also Like

Hint of Scandal Involving Finance Minister Shakes Brazilian Market

Latin American stocks turned mixed on the day, as Brazil moved lower, while Mexico ...

Brazil Pleas for Haiti at UN

This week the Brazilian government is making another move to gain new support for ...

Brazil’s Lula Postpones to 2010 Decision on US, French or Swedish Fighter Jets

Brazilian President Luiz Inácio Lula da Silva said Monday that his government should decide ...

Brazilian Doctor Gets US$ 1 Million Award in US for Work with Kids

Brazilian Zilda Arns Neumann, a pediatrician who founded and leads Pastoral da Criança (the ...

A Walk in the Park, Brazil-style

Like many Paulistas, when I go for a walk in the park I usually ...

Will Argentina Roar Again?

The fact that the IMF has gone out of its way to help Brazil, ...

Brazil Is Two Years Behind in Preparations for 2014 World Cup

It is a tradition for the World Cup’s next host country to lay out ...

Brazilian Police Bust Brazil-US Human Trafficking Ring

Around 120 Brazilians were sent to the United States each month by a gang ...

Brazilian businessman Vítor Sandri's house in Ibiúna, São Paulo

After Robbery Ordeal, Wife of Brazil’s Finance Minister Refuses to Go to Police

Brazil's Finance Minister, Guido Mantega, who was held hostage for over four hours, last ...

At UNAIDS Brazil Will Keep Liberal Anti-AIDS Policy

Brazil remains firm in the defense of its AIDS combating policy. This will be ...