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Low soybean prices cause huge losses for Brazil farmers

Agriculture.com Staff Agriculture.com Staff 11/22/2006 @ 7:25am

SAO PAULO (Dow Jones)--Brazil farmers lost 13.6 billion Brazilian reals ($6.3 billion) in production value in 2005 compared to 2004, with 80% of the losses due to falling soybean prices at the time, the Brazilian Census Bureau, or IBGE, said Wednesday.

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SAO PAULO (Dow Jones)--Brazil farmers lost 13.6 billion Brazilian reals ($6.3 billion) in production value in 2005 compared to 2004, with 80% of the losses due to falling soybean prices at the time, the Brazilian Census Bureau, or IBGE, said Wednesday.

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