The coming grain harvest in Brazil may beat the record set by the newly completed season by 4.2%. According to the initial forecast 2020/21 released on Thursday (08) by the stated-owned National Supply Company (Conab), the production is estimated to reach 268.7 million tons, 11 million tons more than the previous record of 257.7 million tons. The study also points to the 1.3% expansion of the cultivated area to 66.8 million hectares, an increase of 879.5 thousand hectares. The output of soybean is expected to reach 133.7 million tons, maintaining Brazil as the world’s largest producer of the oilseed. Corn harvest is expected to reach 105.2 million tons, also the largest in the historical series – an increase of 2.6% over the previous one. The area cultivated with rice is expected to increase 1.6%.
Source: Universo Agro / DATAGRO
*Translated by Ia Niani