login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Renewed Floods in Brazil's Soybean Heartland Threaten Harvests, Compound Disaster

13 May 2024 9:37 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, May 13 (Commoditiescontrol): Flooding has intensified in Brazil's Rio Grande do Sul, the nation's second-largest soybean producer, escalating an ongoing crisis that has already claimed 143 lives and displaced over half a million people. Heavy rainfall threatens to submerge the state capital, Porto Alegre, and further damage crops in the region.

Rising water levels in Guaiba Lake, a key waterway, could exceed last week's record flood levels, further impacting soybean fields and the state's agricultural output. Since late April, the state has experienced unrelenting rain, storms, and flooding, leading to widespread displacement and a severe blow to the agricultural sector.

The prolonged inundation of soybean crops is expected to result in significant losses, adding to the mounting economic and humanitarian toll. As farmers and residents brace for another major flooding event, the soybean harvest—crucial for both the region and the nation—hangs in the balance, exacerbating an already dire situation.


(By Commoditiescontrol Bureau; +91-9820130172)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
Palm Oil Futures Plunge to One-Month Low on Weak Demand...
CBOT Soyoil Prices Decline Amid Rising Global Vegetable...
CBOT CLOSE:24-June-2024
DCE Oil Complex Evening Closing - 24 JUNE 2024
DCE Daily Rates Update ( Time: 20:26 ) - 24 JUNE 2024
more
Top 5 News
ICE Cotton Futures Rebound as Dollar Weakens, Oil Gains...
Palm Oil Futures Plunge to One-Month Low on Weak Demand...
*NCDEX Stock position of commodities at NCCL approved w...
Battery Metals 24 Jun 2024
Minor Metals 24 Jun 2024
Top 5 Special Reports
China's Edible Vegetable Oil Imports Surge in May 2024
EU Set to Achieve Record Soybean Harvest in 2024
China's Rapemeal Prices Plummet Amid Soymeal Drop and O...
Weekly: ICE Sugar Return To Losses on Robust Brazilian ...
Weekly: Cotton Extends Week of Losses as Strength of Do...
Copyright © CC Commodity Info Services LLP. All rights reserved.