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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Terra Santa Agro S.A.    TESA3   BRTESAACNOR9

TERRA SANTA AGRO S.A.

(TESA3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 01/22
27.5 BRL   +1.48%
01/07TERRA SANTA AGRO S A : Notice to the Market*
PU
2020TERRA SANTA AGRO S A : Bumper soy crop ruled out in Brazil's top grain state amid drought -analyst
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2018VANGUARDA AGRO SA : Half-year results
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Terra Santa Agro S A : Bumper soy crop ruled out in Brazil's top grain state amid drought -analyst

11/13/2020 | 04:31pm EST

SAO PAULO, Nov 13 (Reuters) - A "super soybean harvest" is ruled out for the 2020/2021 season in Brazil's biggest grain state, Mato Grosso, as irregular rains cast doubt over yields and the volumes when the crop is ready next year, an analyst with agribusiness consultancy AgRural said on Friday.

The Brazilian government said earlier in the week that Mato Grosso will reap almost 37 million tonnes of soybeans in 2021, while Brazil should harvest a record of about 135 million tonnes.

"A bumper crop is out of the question," AgRural analyst Fernando Muraro said about Mato Grosso, declining to elaborate.

He said growers are having to replant seeds in areas such as Campo Novo do Parecis and Diamantino, in the west of the state.

In the traditional producing towns along the BR-163 highway, in the middle north portion of Mato Grosso, the climate situation is a little better after a recently downpour, Muraro said.

"It is a completely atypical year," Muraro said about the state expected to supply almost 30% of Brazil's soybeans in the season. "It is unusually dry in Mato Grosso, and this is historical."

A drought in September led to planting delays in some regions of Brazil and in Mato Grosso, where sowing has covered 94% of the estimated area, according to Imea, the privately-owned Mato Grosso research agency.

On Friday, listed agricultural firm Terra Santa Agro told investors climate uncertainty led it to reduce the total area to be planted with grains and oilseeds this season, to 130,200 hectares (321,731 acres) from 149,500 hectares.

Planting is way behind in the north of Paraná state, Muraro said after personally surveying fields in Brazil's second-biggest soy producer. (Reporting by Roberto Samora in São Paulo Writing by Ana Mano Editing by Marguerita Choy)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
TERRA SANTA AGRO S.A. 1.48% 27.5 End-of-day quote.-5.14%
All news about TERRA SANTA AGRO S.A.
01/07TERRA SANTA AGRO S A : Notice to the Market*
PU
2020TERRA SANTA AGRO S A : Bumper soy crop ruled out in Brazil's top grain state ami..
RE
2018VANGUARDA AGRO SA : Half-year results
CO
2018VANGUARDA AGRO SA : 1st quarter results
CO
2018VANGUARDA AGRO SA : 1st quarter report
CO
2018VANGUARDA AGRO SA : Annual results
CO
More news
Financials
Sales 2019 754 M 138 M 138 M
Net income 2019 -135 M -24,6 M -24,6 M
Net Debt 2019 982 M 180 M 180 M
P/E ratio 2019 -3,33x
Yield 2019 -
Capitalization 596 M 109 M 109 M
EV / Sales 2018 1,31x
EV / Sales 2019 1,93x
Nbr of Employees 1 416
Free-Float 57,5%
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Managers and Directors
NameTitle
José Humberto Prata Teodoro Chief Executive Officer
Sílvio Tini de Araújo Chairman
Márcio José Ferreira Chief Operating Officer
Alexandre Adler Chief Financial Officer & IRO
Arlindo de Azevedo Moura Director
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