Production of the 2022/23 crop is expected to reach 312.4 million tons, a record when compared to the last season (270.9 million tons). Conab expects corn production — the first, second, and third crops — of 126.9 million tons, up from the 112.8 million tons estimate for the 2021-22 season (12.5%). For the first corn crop, production is expected to increase by 14.6%, estimated at 28.69 million tons. The result is due to the expectation of productivity recovery in the current cycle. Corn exports are expected to reach 45 million tons, which represents an increase of 21.6% in 2023.
Sources: Nova Cana/CONAB (*Translated by Ia Niani)