Soybean production cost in Mato Grosso, Brazil falls in February driven by inputs

Published 2023년 3월 30일

Tridge summary

The Mato Grosso Institute of Agricultural Economics (Imea) has reported a decrease in the production cost of soybeans for the 2023/24 season. The cost per hectare has reduced by 0.31% monthly and 12.27% compared to the previous harvest, largely due to a decrease in the prices of seeds, fertilizers, and correctives. However, the acquisition of inputs for the 2023/24 cycle in Mato Grosso is delayed. Imea has advised producers to take advantage of market opportunities to minimize costs, given the pressure on soybean prices. As of the 24th, 97.48% of the soybean cultivation area in the State had been harvested, and 52.26% of the expected total for the 2022/23 crop had been commercialized.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Mato Grosso Institute of Agricultural Economics (Imea) estimated lower production cost of 2023/24 soybeans in February. “The cost for the season was BRL 4,307.66 per hectare, a reduction of 0.31% in the monthly comparison and 12.27% compared to the 22/23 harvest”, he said in a report on the crop. “The devaluation in relation to the past harvest is guided by the decrease in the prices of inputs (seeds, fertilizers and correctives), which, in turn, is a reflection of the lower demand for products at the beginning of purchases for the cycle. With regard to the Effective Operating Cost (EOC), it dropped by 6.68% compared to the previous harvest”, he highlighted. According to IMEA, the acquisition of inputs for the 23/24 cycle is delayed in Mato Grosso. "With the price of soybeans under pressure, the producer must take ...
Source: Moneytimes

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.