With this year’s super harvest, revised upwards by the IBGE, Brazil resumes from the United States the position of the world’s largest soy producer. American projections indicate that Brazil will also consolidate its position in the next harvest, reinforcing the good performance of Brazilian agriculture, even in the midst of the covid-19 pandemic. In total, Brazil is expected to harvest a record of 247.4 million tons of grain in the harvest that ends this year, 2.5% above 2019, according to the IBGE. For Companhia Nacional de Abastecimento (Conab), whose updated estimates were also released yesterday, the total production of the 2019/2020 crop should reach a record 251.4 million tons. IBGE also expects the greatest harvests in history for coffee and cotton. Soy production will be the main responsible for this year’s super harvest. In the IBGE estimates 119.9 million tons in the harvest ended in the first semester, 5.6% above production in 2019. In Conab’s calculations, 120.88 million tons were up, 5.1% increase compared to the 2018/2019 harvest. For the next harvest, 2020/2021, Brazil should be ahead again, since the United States should produce 112.3 million tons of soy, while Brazilian producers should harvest 131 million tons, renewing the record.
Source: The State of São Paulo / Revista Dinheiro Rural