NEWS
South America Calling
Fri May 22, 2015 12:41 PM CDT

Brazilian farmers are real worried about next year's soybean crop.

They are looking at fertilizer and chemical purchases for 2015-16 and seeing substantial price rises.

Soybean inputs for 2015-16 cost an average of R$1,995 per hectare ($651.96 per acre) in Mato Grosso during April, up 11% on R$1,794 per acre ($753.78 per acre) the year before, according to the Mato Grosso Agricultural Economy Institute (IMEA).

That in large part is due to the devaluation of the Brazilian real, which lost 22% against the dollar over the last 12 months. Speaking loosely, half of Brazilian soybean inputs are dollar linked.

Of ...

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