Prices of cover crop seeds in Brazil have doubled last two months

Published Nov 3, 2023

Tridge summary

Seed companies in Brazil have seen a significant increase in the prices of cover forages, which have nearly doubled in the past two months due to high demand. This increase is driven by the use of cover crops as an alternative for farmers in central Brazil who are unable to plant safrinha corn or cotton during the ideal planting window. Additionally, delays in soybean planting and the uncertainty surrounding the domestic corn market have made farmers more cautious about planting safrinha corn later than desired.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Seed companies in Brazil report that the prices of cover forages have nearly doubled the last two months due to strong demand. Cover crops have become an alternative for farmers in central Brazil if safrinha corn or safrinha cotton cannot be planted during the ideal planting window. Soybean planting has been delayed in parts of central Brazil and some soybeans will need to be replanted whenever adequate rainfall returns. Farmers are especially sensitive this growing season about planting safrinha corn later than desired due to the low domestic corn prices and the possibility of an early end to the summer rainy season due to El Nino. One of the most popular cover crops is brachiaria or signalgrass. It is a ...

Source: UkrAgroConsult