February 28, 2013

Brazil to see 31% increase for soy value in 2013

Brazil's soy value is expected to rise by 30.5% in 2013, compared to 2012, due to the increase in crop size, according to the country's National Agriculture Confederation.

The increase reflects the CNA's forecast for an increase of 25.7% in soy production this year, and the fact that prices are still above where they were at this point last year.