Brazil’s major soybean producing state has sold half of the crop

18.01.2017

Data from the Mato Grosso Institute of Agricultural Economics (Imea) revealed that until the end of December the farmers from that Brazilian state had sold 50.1 percent of the estimated soybean production. Mato Grosso expects to harvest nearly 30.4 million metric tons and there was an advance of 2.64 percentage points comparing to the previous months.

Analysts say that most sales occurred during the first half of the month. The average price paid for the bag of 60 kilograms was R$ 65.30. The current pace of sales, according to Imea, is 6.47 percent slower than in the last season.


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