Mumbai, 06 Nov (Commoditiescontrol): According to a statement from AgRural on Monday, Brazil's soybean planting for the 2023/24 cycle had reached 51% completion by last Thursday, marking an advancement of 11 percentage points from the previous week's figures. Despite this progress, the current planting pace remains below the 57% achieved by this time last year, setting this year's rhythm as the most delayed since the 2020/21 season.
AgRural attributes the slower planting pace to suboptimal weather conditions that have prevailed in several leading grain-producing regions, including Mato Grosso and Parana. Mato Grosso, situated in the center-west of Brazil, has experienced an extended dry spell, although intermittent rain last week facilitated a slight acceleration in planting activity compared to the prior week. Nevertheless, the consultancy emphasized that persistent low moisture levels in various locales necessitate replanting efforts, which could adversely affect the schedule for the secondary corn crop.
In contrast, Parana, located in the southern part of the country, has been encountering challenges due to excessive rainfall, leading to sowing disruptions. The intense precipitation has not only hindered progress but has also inflicted damage, requiring replanting in parts of southwestern and central-southern Parana, exacerbating the setbacks for farmers in these regions.
Moreover, AgRural's report indicates an uptick in the planting of the first corn crop for 2024 within the center-south zone of Brazil, reaching 66% of the anticipated area—a leap from the 53% planted a week earlier and surpassing the 63% planted at the corresponding time last year. This data points to a varied crop planting scenario across Brazil's agricultural landscape, where weather extremities have led to a mixed progress rate in soybean and corn plantings.
(By Commoditiescontrol Bureau; +91-9820130172)
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