Rural producers in Mato Grosso are bracing for the 2021/2022 crop year, as interests in conventional soybeans production are expected to grow. According to the Institute of Agricultural Economics in Mato Grosso (Imea), soybean production was forecast to reach 35.7 million tons in an area of 10.3 million hectares. About 5% of this area may be cropped with conventional varieties of the oilseed, according to the Instituto Soja Livre. “This year, the demand for conventional soybeans has been high, causing premiums to increase. In the eastern region of Mato Grosso, offers are at a US$ 4/per bag to US$ 5/per bag premium, which reaches up to R$ 30”, says Endrigo Dalcin, president of ISL. He adds that there are new players in the conventional soy market, such as brokerage firms. China has also shown interests in these varieties. “Our challenge is to open the Chinese market for conventional soybean varieties”, explains Dalcin.
Source: Soja Livre/Noticias Agricolas (*Translated by Ia Niani)