Biotech Updates

Brazil Soybean Production Record High

June 5, 2008

Brazil’s oilseed sector is “experiencing a moment of relative prosperity” due to high international prices and overall climatic conditions. The U.S. Department of Agriculture’s Foreign Agricultural Service reports that farmers produced a record soybean crop of an estimated 60.1 MMT on 21.7 million hectares. Compared to 2007 figures, Brazilian farmers harvested one million tons more of soybeans on 4% more area than last year. There were less occurrences of Soybean Rust this year, thus making it possible for a projected increase in production and area by 7% during the  planting season in 2008-09.

for more details visit http://www.fas.usda.gov/scripts/gd.asp?ID=146294752