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Trade Talk

March 07, 2023

Carla Borges on the Brazilian market/
“There’s likely to be some compensation for pulses as agriculture acreages grow”

Carla Borges, trade director of NG Trade (formerly Fazenda Nova Geração) in Brazil, discusses a continued downturn for mung beans, the resurgence of La Niña, and the implications of Brazil's new government.

Carla Borges on the Brazilian market:

Luke Wilkinson

Reporter

At a glance

 

  • “Last season Brazil had record prices for soybeans — 266% higher per ton than now — and that expectation transfers to the second harvest where pulses are grown.”
  • “The fertilizer situation is back to normal. It more than doubled our costs last year for this season which means our margins for this harvest are very tight, but for the next season we'll be back to normal.”
  • “We're seeing very cold winters in Mato Grosso do Sul and Goias. For the last two years we've faced issues with frost in June, so for the second crop that's also a potential risk.”

 

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Disclaimer: The opinions or views expressed in this publication are those of the authors or quoted persons. They do not purport to reflect the opinions or views of the Global Pulse Confederation or its members.