Over $2 billion loss from Brazil rust
Brazil lost $2,190 million to Asian soybean rust (Phakopsora pachyrhizi) in the 2006/07 season, according to the Brazilian soybean agricultural research corporation, the Embrapa Soja. Losses to the disease were similar ($2,120 million) in 2005/06, when farmers made 15% fewer fungicide applications, national media report. There were 2.3 applications/ha in the 2006/07 season. The corporation calculated losses from costs of fungicide use and crop damage. The losses occurred despite lower fungicide prices. The corporation says that average fungicide prices used against rust were 17.5% lower than the $40/ha for the 2005/06 season, the business daily, Gazeta Mercantil, reports.