SORRISO, THE CAPITAL OF BRAZILIAN SOYBEAN DECLARED STATE OF EMERGENCY

SAO PAULO – March 15, 2021

Brazil’s major farm town Sorriso declared “a state of emergency”.

heavy rains during the summer grain harvest caused crop losses and damaged local infrastructure.

Sorriso, one of the moust important city in Mato Grosso, Brazil’s biggest soy producing state, declared a state of emergency on March 11.

The emergency decree will, among other things, guarantees farmers the ability to renegotiate contracts and debts.

The local government of Sorriso estimates losses of $269 million only for the private sector.

The size of Sorriso’s soy planted area is estimated at 620,000 hectares.

Nationwide, Brazilian growers still harvested only 46% of the country’s soybean area through Thursday, compared with 59% at the same time a year ago according to AgRural.

This wet weather is also delaying planting of Brazil’s second corn crop, which is sown after the soy is harvested in the same areas. Brazil’s farmers have sown 74% of the estimated second corn crop area in Brazil’s Center-South region, that is less than the 89% in the last season.

In most parts of Brazil, the ideal climate window for planting the second corn crop it’s now closed, according to AgRural.

Souce: Reuters