Brazil’s corn harvest is forecast at 113 million tons for the 2021/22 marketing year, if the persistence of the La Niña weather phenomenon does not cause significant problems, according to analysts. The forecast, if realized, would represent an increase of 29.87% compared to the volume of 87.05 million tons in the previous cycle, when the “off-season” was harmed by drought and frost. After losses in this summer’s crop due to the drought in the South, the growth expectation is due to the increase in the planting area of the second corn crop, the main one in Brazil, and the sowing at the correct time. According to a survey, the total corn area is expected to reach 21 million hectares, up 5.37% from the previous season, with the second crop accounting for more than 70% of the total. “The earlier start of the winter corn planting work and the favorable water situation in the soil, especially in the Cerrado, lead us to expect a lower risk of a drop in productivity on 21/22,” said Céleres analyst Enilson Nogueira.
Source: Reuters (*Translated by Ia Niani)