SLC Agrícola projects an increase of 11.4% in the planted area for the 24/25 harvest (Image: YouTube/SLC Agrícola)
A SLC Agricola (SLCE3) was among the biggest highs in the Ibovespa in the trading session this Friday (27). At around 11:18 am, the shares advanced 4.59%, at R$ 18.44, behind only Brava Energia (BRAV3) e Magazine Luiza (MGLU3) on time.
The appreciation of shares occurs after the publication of the guidance for the 2024/2025 harvest on Thursday night (26). According to the company, the planted area will be 736.9 thousand hectares, with growth of 11.4% compared to the 2023/2024 harvest.
The increase in planted area reflects the latest operations announced, with the expansion of the partnership with the Soares Penido Group, a new joint venture created with Agropecuária Rica and the new lease contract signed in Piaui.
The planting mix returns to the maximum potential for maximizing crop returns, similar to the first planting intention for the 2023/24 harvest.
For the 2024/25 harvest, in relation to the previous one, SLC Agrícola projects:
- Cotton: +2.5%
- Cotton 1st harvest: -10.6%
- Cotton 2nd harvest: +19.5%
- Soy (Commercial + seeds): +18.7%
- Corn 2nd harvest: +25%
- Other crops: -22.1%
Productivity and cost per hectare
The estimated productivity for 2024/25 reflects the productive potential of the crops, always considering the trend curve of each crop. With this, the company projects:
- Cotton lint 1st harvest: 2.3%
- Cotton lint 2nd harvest: 2.5%
- Cottonseed: 2.3%
- Soy (commercial + seed): 0.6%
- Corn 2nd harvest: -0.6%
The costs per hectare budgeted for the 2024/25 harvest show a 5.2% drop compared to the budget for the 2023/24 harvest. This drop mainly reflects the decline in the prices of fertilizers, pesticides and seeds, which have a strong correlation with commodity prices. Among them:
- Cotton 1st harvest: -2.5%
- Cotton 2nd harvest: 2%
- Military: -8.3%
- Corn 2nd harvest: -7.8%
See the statement from SLC Agrícola