The Ministry of Agriculture said Brazil is on track to produce 390 million tons of grains annually. This outcome is expected to be achieved in the 2032/33 season and would represent a 24.1% increase, or 77.5 million tons, over the 2022/23 season, which is expected to harvest 313.8 million tons. The growth will be driven mostly by soybean, second-crop corn, and cotton crops, and it is expected to occur at a faster rate of 2.4% each year. Brazilian soy production is expected to climb by 20.6% to 186.7 million tons. In 2032/33, the corn crop is expected to increase by 27% to 160 million tons.
Sources: Agência Estado/Nova Cana (*Translated by Ia Niani)