Brazil Cotton Has Been Ordered In Advance Before Planting.

2011/10/2 13:37:00 31

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The international price of soybeans and cotton has risen sharply, so now

Brazil

Domestic farmers have sold agricultural products to export companies ahead of time before harvest time, much more than in previous years.

The purpose of farmers' practice is not only to prevent rising costs, such as the rise in fertilizer prices, but also to make use of this opportunity to make a profit.

Their practice is also helpful.

Brazil

Foreign trade also shows the importance of agriculture in Brazil's foreign trade.

According to the statistics of ABRAPA (national cotton producers association), the ratio is about two. However, according to the statistics of SAFRAS&MERCADO (harvest and Markets Advisory Inc), this ratio should be three%.

The international price of cotton broke the record in March this year (fifteen kg 113 BA).

although

It has dropped to sixty yuan per kilogram, but it is still much higher than the lowest price set by the government (forty-six kg per kilogram).

In terms of soybeans, the international price in the first half of this year has reached thirteen yuan to fourteen dollars per BUSHEL (about thirty-six liters), that is, at PARANAGUA port, each bag is fifty-three yuan (last year was forty bar).