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Signs of smaller Brazilian bean crop surface
Jul 24, 2006 2:37 PM, James Thompson
Reduced fertilizer purchases may lead to a smaller ‘07 Brazilian bean crop. Brazilian fertilizer deliveries for this year are 3% lower than comparable ’05 data.
The Brazilian National Fertilizer Use Association (ANDA) has just released data for fertilizer deliveries for the first half of the year.
The lack of new rural credit resources, bureaucracy and the snail's pace of renegotiating last year’s debt aggravates fertilizer deliver problems, says Eduardo Daher, executive director of ANDA.
Ag sector debt and lack of profitability will likely continue to weigh on agriculture in the next planting cycle, despite emergency government support programs and debt renegotiation.
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