CORN HARVEST 2023/24 SHOULD REACH 111.64 MILLION TONS, PROJECTS CONAB

Brazil’s grain production for the 2023/24 harvest is projected at 295.45 million tons, a 7.6% decrease from the previous season. Conab’s 8th survey attributes a slight increase of 0.5% from the previous forecast to adjustments in soybean cultivation areas. The total sown area is estimated at 79.12 million hectares, up 0.8% from the previous forecast and 0.7% higher than the previous season. Heavy rains in Rio Grande do Sul may impact the final yield. Conab emphasizes prioritizing assistance to affected communities. The survey predicts a corn harvest of 111.64 million tons, down 15.4% from the last season, with variable conditions across different states affecting crop development.
Source: Nova Cana