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Paraguay loses US$3.5 billion due to very low grain harvest

RIO DE JANEIRO, BRAZIL - With 6 million tons less than originally estimated for the harvest, Paraguay stands to lose about US$3.5 billion this year.

Losses could be even higher if there continues to be no significant rainfall.

The Paraguayan Chamber of Grain and Oilseed Exporters and Traders (Capeco) expressed concern over the startling and historic drop in the estimated soybean harvest, as the figure fell to 4 million from 10.5 million tons three weeks ago.

Today, however, it could be even lower. "We expect even lower numbers; if we have a good harvest, we could approach the . . .

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