Brazil's Biotech Crop Planting to Increase by 14 percent
December 19, 2012| |
Brazil, the second largest grower of biotech crops in the world in 2011, is expected to increase biotech crop (soybean, corn, and cotton) hectarage by 14% this season, according to Celeres. This projected increase is more than the 12.3% expansion estimated by Celeres in August 2012. Brazilian farmers increased their investment in the technology to improve their yield this season, especially for soybeans.
Celeres expects that the country will produce a total of 79 million tones of soybeans and 75.62 million tones of corn. "The increase occurred mainly due to the favorable market prices for the 2012/13 harvest, as well as the availability of seeds adapted to producing regions," Celeres said in its report.
Read the report of Celeres in Portuguese at http://celeres.com.br/wordpress/wp-content/uploads/2012/12/RelBiotecBrasil_1202_por.pdf and the related news article at http://uk.reuters.com/article/2012/12/17/brazil-biotech-idUKL1E8NH1LW20121217.
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