Brazil’s grain output is likely to surpass 317.6 million tons in the 2022/2023 crop harvest, a 16.5% increase (44.9 million tons) over the 2021/22 crop, confirming earlier projections as the largest ever produced in the country. “The adjustment reinforces Brazil’s record harvest,” says Conab President Edegar Pretto. Soy output is expected to hit a new high of 154.6 million tons, up 23.1% (29 million tons) from the previous cycle. Corn production is expected to be 127.8 million tons, up 12.9% (14.6 million tons) from the crop harvested in 2021/22.
Source: Compre Rural (*Translated by Ia Niani)