BRAZIL: GRAIN PRODUCTION LIKELY TO REACH 270.2 MILLION TONS

The National Supply Company (Conab) has raised its estimates for the national grain production of the 2021/22 season. The projection indicates 270.2 million tons, up 0.3% from April. “The improvement in production is explained by the larger planted area soybean area, in addition to the better development at the end of the crops cycle, especially rice, corn, and soybeans” Conab said. “In relation to the last cycle, which reached 255.5 million tons, the increase is 5.7%.” For corn, total production is now estimated at 114.58 million tons. Among the first-crop products, soybeans are already 95% harvested. Soybean total production is projected at 123.8 million tons, down 10.4% from the previous season. In the case of rice, the harvest has already reached 91% of the area. Brazil is expected to produce 10.7 million tons, down 9.1% when compared to the last harvest. Conab expects wheat planted area to increase by 3%.

Sources: Broadcast/UDOP (*Translated by Ia Niani)