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Economy & Business - April 2010 (ISSN 1741-7430)

AGRICULTURE: Bumper year for South America

The 2009/2010 harvest, which is coming to a climax in most of South America, is likely to set a string of new records. Brazil's harvest total, at 146.3mn tonnes (t) is 8.3% bigger than last year's crop and 1.3% bigger than the previous record, set in 2007/08, of 144.14m t. In Brazil, the soya crop in particular is immense at 67.4m t, up 18% on the 2008/09 crop according to the Companhia Nacional de Abastecimento (Conab), the state agency that monitors the harvest. Argentina too is harvesting a record soya crop (perhaps as much as 54.5m t), while Paraguay expects to barn a record 7.4m t soya crop. Even Bolivia's soya exports are surging.

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