SALE OF SOYBEAN SEEDS FOR THE 2024-25 CROP STARTS TO RECOVER IN BRAZIL

The uncertainty in producers’ planning in Brazil has led to a delay in soybean seed sales for the 2024-25 crop year. Only 48% of the planned volume has been sold and is still below the season’s historical average of 69%. By May 2023, growers had acquired 53% of the anticipated seed volume. Sales have just begun to increase, according to Gladir Tomazelli, President of Abrass. In 2023, 45 million bags of seeds were sold, with Abrass forecasting 50 million bags in 2024. Seed demand is expected to reach 56.9 million bags in 2031-32. However, the legislation governing seed “rescue” may limit the expansion.
Source: Globo Rural (*Translated by Ia Niani)