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Hot Topics:

Print Text: A A

Topics News & Markets

Paraguay reports sharp drop in soy production due to drought, disturbances.

By The Associated Press | February 07, 2012

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ASUNCION, Paraguay - Paraguayan exporters say that production of soy is likely to fall 47 per cent in the current harvest.

The nation's chamber of cereal exporters says the 2011-2012 harvest is likely to be rough half of the 8.3 million tons produced in the previous season.

Technical adviser luis Cubilla says that means a loss of $1.5 billion.

Cubilla says dought has cut production per acre (hectare) to a little more than half the normal. And some soy farmers of Brazilian descent have been unable to plant due to clashes with landless workers.

Paraguay is the third-largest soy producer in South America, behind only Brazil and Argentina.

Print Text: A A

Topics News & Markets

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