Drought in southern Brazil will reduce transgenic soybean production by 35%
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Last Update: 2002-01-23
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Source: Internet
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Author: User
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Introduction: according to the estimation of Brazilian industry, affected by the dry weather, the illegal cultivation of genetically modified soybeans in the northwest part of Rio Grande in South Brazil will reduce production by 35% However, the damage of drought to traditional soybean is not big, less than 3% is estimated Rio Grande is the third largest soybean producing state in Brazil, with an initial estimated output of 7.6 million tons, accounting for 18% of safras's estimated total output of 43 million tons in 2002 The recent dry weather in this area is a support for the period price of CBOT soybean Many genetically modified soybeans named "Maradona" smuggled in from Argentina are planted in the region, which are vulnerable to drought due to their short growth period According to the Brazilian oilseed Producers Association, 60% of Rio Grande region's soybeans are genetically modified, double the level in 2000 But there are also reports that only 20% of the region's genetically modified soybeans Producers in the north of Rio Grande say they still don't see signs of rain, and dry weather for at least the next five days.
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