DATAGRO estimates that Brazil’s 2023 grain crop will expand its planted area for the 13th consecutive time, with great chances of production increases. “In this new season, which is about to begin, we can see an encouraging moment similar to 2021, due to the good credit supply, exceptional prices in the main crops, and favorable market sentiment in 2023”, said Flávio Roberto de França Junior, economist and research leader. An area of 77.63 million hectares is estimated, representing an increase of 2.7% over the current year. The initial estimate of total grain production for next year is 309.63 million tons, an increase of 11% over the current harvest.
Source: DATAGRO (*Translated by Ia Niani)