PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 14 May 2024

Jumlah Bacaan: 169
MARKET DEVELOPMENT
Brazil 2004-05 Soy Planting 76% Complete - Safras
calendar01-12-2004 | linkDow Jones | Share This Post:

26/11/04 SAO PAULO (Dow Jones)--Brazilian farmers have planted 76% oftheir potentially record 2004-05 soybean crop up to Friday, moving forwardfrom 64% last week, said local agricultural consultants Safras e MercadoFriday.Planting is slightly behind the 80% planted at the same stage lastyear and the five-year average of 81%.Fieldwork is most advanced in the center-west state of Mato Grosso doSul, where farmers had sown 92% of the crop, ahead of the 83% planted atthe same stage last year and the five-year average of 79%.Planting was 86% complete in the center-west state of Mato Grosso,where fieldwork traditionally runs quickest. It was slightly ahead of the84% planted last year and slightly behind the five-year average of 88%.Safras forecast Brazil's 2004-05 soybean production will total 63.2million metric tons, up from 49.9 million tons produced last year.