AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

Caterpillars and fungus, as well as drought, hurt Brazil's current soya crop and higher costs to control them will limit planting of new fields next season, the director of agricultural analysis firm Agroconsult said on Tuesday. Brazil will likely produce 86.9 million tonnes of soyabeans in the season that is drawing to a close, still a record crop but well below the firm's initial forecasts for more than 90 million tonnes of soya, Agroconsult's director, Andre Pessoa, said.
Starting in September, area planted with soyabeans will likely expand by 1 million hectares, down from 2.5 million new hectares of soya area sowed this season, he said. Brazil is the world's top soyabean exporter and its crop size has approached that of the top-producing United States the last two years. But farmers have been battling a new type of caterpillar, helicoverpa armigera, that likely arrived from Asia, sending pesticide costs skyrocketing and challenging Brazil's much-lauded mastery of tropical agriculture.
They also saw higher incidents of other types of harmful tropical bugs as well as Asian rust fungus, Pessoa said. "Spending on defences had grown last year and increased again this year - in some regions, like Mato Grosso and Bahia, it increased up to seven applications," he told a news conference.
"We could be entering a phase of much more moderate expansion than we saw in the previous years," he said, adding that an expected record crop from the United States and lower international soya prices would be a further discouragement to planting. Agroconsult does extensive field work across Brazil, and Pessoa said this was one of the most difficult years on record to formulate forecasts due to the wide variety of pests and climate differences. Drought struck south-eastern Brazil, knocking some 2 million tonnes off Parana state's soya crop, at the same time heavy rains held up planting in the center-west.

Copyright Reuters, 2014

Comments

Comments are closed.