05/28/2024 – 15:53
São Paulo, 28 – The cost of the 2024/25 corn harvest in Mato Grosso was calculated at R$ 3,289.94 per hectare in April, reported the Mato-Grossense Institute of Agricultural Economics (Imea), in a weekly bulletin, based on survey of the project Monitoring the Costs of Agricultural Production in Mato Grosso (Acapa-MT). According to Imea, the value rose 0.17% compared to the same period in the 2023/24 harvest.
The institute notes, however, that, when analyzing the most expensive input, fertilizers, there was a drop of 23.61% in April this year compared to the 2023/24 harvest, due to the reduction in input prices.
With cheaper fertilizers, the share of fertilizers in total costs fell 10.49 percentage points in the 2024/25 harvest, “but still represents 37.7% of the total”, he says.
The exchange rate between the price of corn from the 2024/25 harvest and urea closed, in April, at 67.96 bags per ton, a drop of 16.39 bags per ton compared to the 2023/24 cycle.
“It is worth highlighting that, although the price of corn is still below what was seen in previous years, the exchange ratio is better than the average of the last five years”, says Imea.
Still for the institute, what should continue to guide the exchange relationship in the coming weeks is the behavior of the price of urea, “since prices in the State are strongly influenced by the international market”.
Soy processing
Mato Grosso crushed a record volume of soybeans in April, with 1.13 million tons, an increase of 13.58% compared to April 2023, reported Imea, in a weekly bulletin. According to the report, the increased external demand for soy derivatives, especially bran, led to the greater volume processed last month. In the first four months of the year, 4.26 million tons of soybeans were processed in Mato Grosso, an increase of 15.4% compared to the same period in 2023.
According to Imea, however, despite the record amount crushed in April, the industries’ gross margin fell 7.45% compared to March this year and 48.67% compared to April 2023. The drop in margin was a reflection of the low prices paid by oilseed derivatives. “Finally, next month’s crushing is expected to remain strong, given the greater demand for soybean meal”, says Imea, which also expects an increase in the gross margin of soybeans, with the appreciation of the price of co-products.
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