Brazil anticipates a 3% contraction in the 2011/12 crop because of severe drought

The 2012 Brazilian grains and oilseed is expected to be below the 2011 record because of the intense drought in the months of December and January, particularly to the south of the country where soybeans and rice suffered most reported the Geography and Statistics Institute, IBGE.

Source: http://en.mercopress.com/2012/02/10/brazil-anticipates-a-3-contraction-in-the-2011-12-crop-because-of-severe-drought?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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