BRAZIL CORN CROP IS EXPECTED TO REACH 105.9 MILLION TONS IN 2022

The 2022 agricultural harvest is expected to reach 270.7 million tons, up 7.8% compared to 2021 forecast. If confirmed, it will be a new historical record. The data are from the first Forecast for the Agricultural Crop released by the Brazilian Institute of Geography and Statistics (IBGE). The soybean and corn crops account for the projection of a new historical record for agricultural production for 2022, according to the first forecast for the Agricultural Crop. The soybean harvest will reach 135.2 million tons in 2022, an increase of 0.8% when compared to 2021. First-crop corn will reach 28.7 million tons in 2022, an increase of 11.1 % compared to 2021. Second crop corn production is expected to increase 26.8% in 2022. In total, there will be 105.9 million tons. According to IBGE, soybean planting has not been delayed, favoring the “planting window” for the corn second crop.

Sources: Agências do Estado/Nova Cana (*Translated by Ia Niani)