Brazil: Advance in corn planting in Mato Grosso boosts sales acceleration in the state

Published 2023년 3월 14일

Tridge summary

A recent report by the IMEA (Mato-Grossense Institute of Agricultural Economics) has provided an update on the progress of the 2023 corn crop in Mato Grosso, Brazil. The report highlights that 30.04% of the total production has been sown, with 96.44% of the crops being sown within the ideal window. However, the progress of negotiations for the 2023/24 season is behind schedule by 4.73 percentage points, attributed to a delay in the marketing of inputs. Despite the progress in planting, this represents a delay of 1.51 percentage points compared to the same period in the previous harvest, but is slightly ahead of the average of the last five seasons. Additionally, the report notes a decrease in the negotiated price for corn, by 3.07% compared to January, due to a fall in quotations on the Chicago Stock Exchange.

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Original content

The IMEA (Mato-Grossense Institute of Agricultural Economics) released a report showing updates on the 2023 corn crop. 30.04% of the expected total production. “This increase was due to optimism in relation to production, since around 80.00% of the crops in MT were sown within the ideal window”, explain the technicians from Imea. The negotiated price, on the other hand, registered a decrease of 3.07% compared to January, reaching R$ 59.02 per bag. The decrease in level was due to the fall in quotations on the Chicago Stock Exchange. Looking at the 2023/24 season, only 1.78% of the expected total for the season was traded, a delay of 4.73 percentage points in relation to the same period for the 22/23 season. “This delay in negotiations is linked to the delay in the marketing of inputs, since the first sales are carried out in barter form, and a delay in sales in the state is already observed”, says the bulletin. ...

Source: NoticiasAgricolas