Brazil GM soy area to top 31 m ha
Market consultancy Celeres is largely maintaining its early estimates for Brazil’s 2014/15 genetically modified crop areas. The company’s second estimate projects a GM soybean area of 31.2 million ha, a rise of 3.6% on that of last season. Celeres notes ongoing “low” prices for the crop, partly compensated by the reduced value of the Brazilian currency against the dollar. The summer maize area is to dip by 2.3% to 6.6 million ha due to the crop’s reduced profitability. The winter maize season is anticipated to produce a 1% increase to just over 8.5 million ha, producing an almost cumulative 15.2 million ha. The GM cotton area is to fall by 18% to 899,000 ha, the company confirms in its second study. The earlier survey projected an 89.2% adoption rate for GMOs among the three crops (Agrow No 695, p 19).