The first four months of 2020 presented a positive financial result for soybean producers in Brazil, according to the main indicators surveyed by Consultoria DATAGRO, and was partially similar to what was observed in the same period of the previous year. The survey analyzed the average prices charged, gross profitability and profitability obtained by soybean farmers.
To date, the average soybean price in the period analyzed in Brazil is up to 23% above the excellent results observed at the same time in 2019, including records. Passo Fundo (RS), for example, recorded an average of R$ 90.05 per 60 kg bag in the four months. In the comparison made in dollars, there is a variation of +1 to -3% between the 2020 averages of the markets verified over the last year.
“Up until now, the quotations guarantee positive income results for most producers. The exception is made for producers who suffered losses due to the weather, with a negative emphasis on the states of Santa Catarina and, especially, Rio Grande do Sul. As prices have been evolving upwards gradually and almost linearly, the commercialization flow has also been advancing at this pace, with producers making the most of each price spike observed”, says Flávio Roberto de França Junior, coordinator of DATAGRO Grãos.
In profitability analyses, which measure the gross relationship between the average revenue obtained and the cost of production, the partial year shows that Brazilian producers also maintain a positive scenario for the fourteenth consecutive year, with results even better than in 2019. Most states showed an improvement in average productivity compared to the previous harvest. In Western Paraná, partial gross profitability is 48% compared to 33% in 2018/19.
The third variable is financial profitability, which considers soy as an investment option. It also presents a positive and stimulating performance for soybean cultivation in the fourth quarter. Between January and April 2020, soybeans on the physical market had an average profitability of 9.38%, already discounting inflation of -0.20% (Fipe's IPC index). In the same period, in 2019, the Brazilian average was -6.85%.
“With the exception of Ibovespa, all investments showed improvements in performance over the same period last year”, highlights França. The Ibovespa in the period accumulates losses of 30.52% on B3, the commercial dollar gains 35.39% and savings have an increase of 0.78%.
Source: DATA
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