Lowest soybean sales in February in Mato Grosso (Brazil)

22.03.2017

Sales of soybeans of the 2016/2017 season advanced just 3.4 percentage points in February in the state of Mato Grosso, according to the Mato Grosso Institute of Agricultural Economics (Imea). This is 61.63 percent of the estimated production of 31 million metric tons and a delay of 4.28 percentage points comparing to last year. It also reveals the lowest sales for the period. Experts say that this happens due to the lower average prices in the region and the three consecutive weeks of the soybean value going down in the month. Added to that problem, there was a retracion of the dollar (0.94 percent).

At this point, the harvest reached 94.54 percent of the surface planted in Mato Grosso. Comparing to a week ago, there is a progress of 3.36 percentage points. In relation to last year, the works are 9.48 percentage points ahead.


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