Slow pace of soybean sowing in Latin America

04-Nov-2024 03:47 PM

Rio de Janeiro. Soybean sowing is being affected due to unfavourable weather conditions in both the top producing countries of South America- Brazil and Argentina and its area is lagging behind last year.

Apart from this, the pace of sowing is also being reported to be slow in neighboring countries like Uruguay and Paraguay.

It is noteworthy that Brazil is first and Argentina is third in the production and export of soybean at the global level, while America is in the second place.

Soybean sowing has now started gaining momentum in Brazil, but there is a lack of rain in the central and northern states of the country including the most prominent producing province- Mato Grosso.

However, the recent rains in the southern provinces of the country- Parana and Rio Grande do Sul have made the situation favorable for sowing to some extent.

There was a flood in Argentina due to heavy rains a few days ago and soybean sowing is being affected due to waterlogging in the fields. There people are waiting for the water to dry up.

However, farmers are not much worried because soybean is cultivated in two phases there and its sowing period is long (till January). There is an estimation of some increase in the area. In Brazil too, the area may improve a bit.

Most of the soybean oil imports in India are from Argentina and Brazil. The enthusiasm and attraction towards soybean cultivation is still there among the farmers in these two countries, but they are not getting the support of favorable weather.