Mato Groso soybean trade advances to 71.5% of the total, says Imea

Mato Groso soybean trade advances to 71.5% of the total, says Imea

SAO PAULO (Reuters) - Sales of soybeans from the 2017/18 harvest of Mato Grosso, the largest domestic producer, rose to 71.47 percent from the projected 31.79 million tonnes in ...

SAO PAULO (Reuters) - Commercialization of soybeans from the 2017/18 harvest of Mato Grosso, the largest national producer, has risen to 71.47 percent from projected 31.79 million tons amid higher prices paid to farmers, reported this Monday the Mato Grosso Institute of Agricultural Economics (Imea).The index represents an increase of 9.85 percentage points in a month."The improvement in soybean prices in March continued to boost the sale of oilseeds in the state ... At this moment, after a delay over the last months, the evolution of the negotiations is recovering and is 8.17 percentage points ahead of the from the same period for the 16/17 crop ... ", said Imea in a statement.The breakthrough in business is recorded following recent news about the escalating trade tension between China and the US, which tends to benefit Brazil due to the announcement of Chinese tariffs for US soybeans."If these sanctions are actually imposed, this could bring about major changes in both ...


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