BRAZIL TO HARVEST 297.5 MILLION TONS OF GRAIN, CONAB SAYS

Grain output for the 2023-2024 harvest is expected to be 297.54 million tons, down 7% from the previous year, mostly because of severe weather conditions, according to Conab. The second harvest shows higher yields, with corn reaching 88.12 million tons. The overall corn production is expected to be 114.14 million tons. Cotton production is forecast to climb by 15.2%, reaching 3.66 million tons. Despite the flooding in Rio Grande do Sul, rice output is expected to reach over 10.4 million tons. Bean output is predicted to grow by 9.7%, reaching 3.3 million tons.
Source: Agência Brasil (*Translated by Ia Niani)