Higher dollar pushes soybean costs in Mato Grosso, Brazil


The five percentage points valuation of the dollar in May has pushed all the farm costs to grow soybeans in the state of Mato Grosso in Brazil. The costs to purchase agrochemicals to treat genetically modified beans have increased 5.6 percent. On the other hand, the genetically modified seeds have deflated by 4.4 percent. The figures are from the Institute of Agricultural Economics of Mato Grosso (Imea).

The Imea also says that fertilizers have grown by 4.5 percent. The overall cost for soybean in Mato Grosso is up by 4.6 percent to R$ 2.406 per hectare.