Brazilian soy sales reach 68% of 2009-10 crop

 

 

Brazilian farmers have sold 68% of the 2009-10 soy crop as of June 25, local agricultural consultancy Celeres said in a weekly report.

 

Celeres on Monday said Brazil's soy sales were up from 66% the week before but down from 75% at the same time a year ago.

 

Brazil, which is the world's No. 2 soy producer after the US, is expected to have produced a record 68.2 million tonnes of soy for the 2009-10 crop season, compared with 57 million tonnes the previous crop year. Helped by favourable weather, Brazil finished harvesting the 2009-10 soy crop in May.

 

Farmers in Mato Grosso - Brazil's top soy-producing state - have sold 86% of their soy as of Friday (June 25) compared to 84% the week before and 91% a year ago, Celeres said. Mato Grosso's farmers were the first to start their harvest and took the opportunity to sell earlier than other states.

 

Parana, the No. 2 soy-producing state, sold 54% of its beans as of Friday compared to 51% the week before and 61% a year ago, Celeres said.

 

Farmers in Rio Grande do Sul, the No.3 soy-producing state, are traditionally the last to harvest. They had sold 39% of their soy as of Friday against 37% the week before and 49% a year ago.