Soy 2022-23: seed market grows 18%, to R$24,5 billion

FarmTrak study credits the result mainly to the 6% increase in cultivated area; applications of lizardicides and biolizardicides also increased

08.08.2023 | 14:23 (UTC -3)
Fernanda Campos

With the increase of 6% in the soybean cultivated area, to more than 42 million hectares, the oilseed seed market generated R$ 24,5 billion in the last harvest, an increase of 18% compared to the 2021-22 cycle (R$ 20,76 billion). The data comes from the FarmTrak Soja 2022-23 study, by Kynetec, recently released. According to the consultancy, ‘Bt’ seeds reached more than 90% of crops, while ‘RR’ occupied 8%.

According to Kynetec specialist, Millôr Mondini, the result “is highly representative, as it ratifies, harvest after harvest, the strength of the seed sector within the production process of the most important agricultural crop in the country”. According to him, compared to the 2020-21 period, when this segment transacted R$15,6 billion, accumulated growth reached 57%.

“Although Bt technologies have expanded space, FarmTrak also confirms a new increase in the adoption of lizardicide treatments. These products reached almost 80% of planting in areas with Bt biotechnology, compared to around 50% five harvests ago. In 2022-23, pesticides, by the way, accounted for 30%, or R$3,7 billion, of the total insecticide market of R$12,2 billion,” he said. 

In this scenario, adds Mondini, Kynetec's FarmTrak also highlights the accelerated evolution of the biolizardicide market. According to the expert, such products already generate R$186 million in soybean production. “Data indicates a trend of new jumps related to biological lizardicides in the next harvests. They are increasingly present in crops, as a complementary tool to IPM or Integrated Pest Management”, he highlights.

On the other hand, he concludes, the research revealed unrepresentative producer adherence to the so-called “new” state-of-the-art biotechnologies, which totaled just over two million hectares or 5% of the cultivated area.

Mosaic Biosciences March 2024