Management Report 2020
Management Report 2020
SLC Agrícola
Second-crop cotton | Second-crop cotton also
was affected by water scarcity during the crop's
planting and the cotton-ball development phase,
manly in the region of Mato Grosso state. The final
yield was 1,705 kg/ha of cotton lint, 2.5% lower
than the projected volume and 5.7% higher than
yield registered in 2018/19 crop year.
Second-crop corn | Second-crop corn ended the
period with a yield 3.0% higher than in 2018/19
crop year and 0.7% lower than the projected rate,
of 7,333 kg/ha. Compared to the national average,
the yield was up 34.4% (Feb/2021 estimate from
CONAB).
TABLE 2. ACTUAL YIELDS, 2018/19 vs. 2019/20
A.
B.
Yields (kg/ha)
2018/2019
Crop Year
(actual)
2019/2020
Crop Year
(estimated)
2019/2020
HA
HA
HA
Crope Year (C/A) (B/A) (C/B)
(actual)
1,688
1,842
1,779 5.4%
9.1% -3.4%
1,613
1,749
1,705 5.7%
8.4% -2.5%
Cotton seed
2,090
2,261
Soybean (com. + seeed)
Corn 2nd crop
3,739
3,607
7,121
7,385
2,175 4.1% 8.2% -3.8%
3,900 4.3% -3.5% 8.1%
7,333 3.0% 3.7% -0.7%
Cotton lint
1st crop
Cotton lint
2nd crop
Actual cost of production
The actual cost per hectare was 5.2% above the
estimate, mainly due to the higher USD/BRL ex-
change rate compared to the assumption adopted
in the budget. The increase was fully offset by rev-
enue, in accordance with the company's hedge
policy.
TABLE 3. ESTIMATED AND ACTUAL COST OF PRODUCTION 2019/2020
Total (R$/ha)
Cotton 1st crop
Cotton 2nd crop
Soybean
Corn 2nd crop
Total average cost²
Estimated 2019/2020
Actual 2019/2020¹
HA
8,397
9,362
11.5%
7,727
8,264
6.9%
2,901
3,015
3.9%
2,410
2,545
5.6%
4,368
4,597
5.2%
1. Values may change until the end of the cotton processing and the commercialization of the grains.
2. Weighted by areas of the 2019/2020 Crop Year to avoid changes arising from variations in the product mix.
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