The environment ministry said 26,000 sq km of forest were chopped down in the 12 months prior to August 2004.
The figure is the second highest on record, 6% higher than the previous 12 months.
Deforestation was worst in the state of Mato Grosso where vast swathes of land have been cleared to grow crops.
The loss of 26,000 sq km means almost a fifth of the entire Amazon has now been chopped down.
All of this is in aid of boosting soya exports to levels that lead to a trade surplus. When will governments, particularly governments in the region, realise that eco-friendly developments are critical, especially when dealing with one of the most diverse eco-systems in the world, not to mention one of the biggest producers of oxygen.
(via BBC News)