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Sunday / December 22. 2024
HomeTypesOilseedsBrazilian seed market posts 7.5% increase in revenue

Brazilian seed market posts 7.5% increase in revenue

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Intacta RR2 PRO soy cultivation provides marked growth

According to a study published by Spark Inteligência Strategica, a leading Brazilian consultancy firm, soy producers’ investment in Brazil have boosted oilseeds output to around US$2.1 billion in 2019-20 which is a 7.5 percent increase from US$1.9 billion recorded in 2018-19.

The study titled ‘BIP Soja Sementes’ included data gathered from 3,500 growers and revealed a minor increase of around 2.4 percent in the total area under cultivation, from the previous 35.1 million hectares to 35.9 million/ha.  

An important data found from the study is the expansion of the cultivation of Intacta RR2 PRO varieties, which has more added value when compared to RR seeds. The survey found improvements in Intacta technology in the South and Cerrado, consolidating almost 75 percent of the soybean areas as against 65 percent in the 2018-19 cycle. In dollar value the total seed market increased by 3 percent from US$2.763 billion to $2.834 billion.

Around 42 percent of the properties visited by the researchers had 100 percent of the area cultivated with the Intacta varieties which led to them to conclude that the main attributes sought by farmers in relation to seeds are productivity, adaptability to the region and characteristics of the reproductive cycle.

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